Possible First Wholesale Deal

[Robert M.]

Ive spent the last year reading and studying...so it may be time to get my hands dirty and take action.

Found an out of state owner trying to get rid of their duplex in the DFW area. From what I can figure based on county records...they bought at the peak of the bubble and want to walk.

Currently both sides rented through May. One side it sounds like has a tenant issue but they have assured me their property manager has another renter lined up if they do not catch up on their payments in the next few weeks.

Been told as well no major maintenance issues are present and appliances are furnished. Property looks in fair shape based on pictures and a drive by.

Property manager has quoted them at a selling point of about 80% of what I can dissern is the current value.

Planning to either assign or double close once under contract since they are no longer interested in owner financing. Two other duplexes nearby are currently on the MLS, and I plan on shopping for a buyer at 10% under those current listings (and if one of those actually sells at or near their asking price that should only improve the perceived value of my deal, right?)

So I guess the real question is...what am I missing? This analysis paralysis is killing me...