Wholesaling rental propeties

[Trey Brown]

Hi I'm new to real estate investing. I chose to wholesale to start of with like everyone else basically. My question to how ever can help is when wholesaling a property that will be used as a rental for the buyer and not a rehab house what's the formula (I guess you would say) in figuring out the right price to purchase and sell to your end buyer. For instances, do you worry about repairs like you would a rehab if someone is already living there? So would you figure in those cost would you or are you looking directly at cap rate for those properties. I understand when assigning to a flipper your looking at 65-70 % ARV minus repairs and but how does it work with rentals. If anyone could help I'd appreciate it.