Looking to wholesale my moms rental property

[Jesse Watts]

My mother has a rental property that she let extended family stay in and they completely trashed the place and didn't pay for a number of months. My mother lives out of state and can not pay the necessary amount to get the mortgage caught up. So I have been looking to start my wholesale journey and was wondering if I was looking at this possible deal correctly. 

So I would take the ARV (ARV is the same as comps correct?) and subtract it by 30% and thats my price I look to offer the buyer. Then I subtract the amount of mortgage owned and rehab costs to get a number. Then I subtract that number buy the amount of money I want to make and thats the number I would offer my mother for the house. Is that correct? Thank you all for your help on understanding the numbers.

[Wayne Brooks]

@Jesse Watts How about you find an agent, get it listed on the mls where all the cash buyers will see it, and get the Best Net for your mother.....instead of taking a bunch of money out of her pocket to put a little bit in yours?