West Philly Wholesale Numbers

[Marisa Amirian]

Hi! I've recently started marketing for leads to increase my rental property portfolio....and I have my first lead in west philly on a 2 story 3/1 that according to the seller "needs a full rehab".....I put my general number for a "full rehab" of that size at about 100K ....I'm putting the ARV at 130K....if i'm not interested in keeping and need to wholesale these numbers already look grim....ARV * 70% - rehab = -$9,000.....soooo what am I doing wrong ?? I can probably get away with less than 100K rehab but I'm not sure how much less...can anyone weigh in on my numbers? thanks!