Can I wholesale from Zillow?

[Christopher Kinney]

Hey guys!

I´m just getting started as a wholesaler and have been analyzing my first couple of deals. Currently, as a wholesaler I´ve been looking for Carry by Owner on Zillow as a start to practice with the numbers. Currently, I see a 4 bedroom and 1 bath for $100,000. Comps show an average of $129,000 with local rents about $1,250 (almost near 0 vacany rate - there is way much more demand than supply in the area. I had to camp out for several weeks before finding a place to rent). Monthly tax and insurance is estimated at $138/month. Is there a rule of thumb for conservatively estimating rehab costs? Also, starting out as a wholesaler, what´s the best honest fee I should ask? I value more practice and learning than money at this point. Any feedback would be greatly appreciated as any help starting out is gold. Thanks a bunch!