Gee Wiz the current owner only paid X for the property. WHO CARES

Why do a lot of folks get caught up on what the current owner paid or wholesaler is going to make on the deal. WHO CARES. Are you going to make money or not! That should be your only concern. Of course try to negotiate the best price and terms but if the previous owner is going make $1 Million dollars and you are going to make $200,000 after you rehab and sell then great for that owner and great for you. If you dont want to buy it then dont. Keep you eye on your money and your systems and business plan. forget about everything else and keep your head down and work hard. good things will happen.