Thats like making 120k/a year if you were to equate that with someone with a regular job (which I have one of those too).And I actually have another buddy that is doing this and he's got an average of 600/mo gross profit.

When I list a property I go all out and get it sold within 30 days on average.

Step 1: Determine if rents are market.Rent is averaging 506 a month per sellers numbers.

@Nick @Kyle - pricing materials alone in home depot / lowes are average on 3,000 - 4,000, it all depends how upscale I want to make it look.I looked at the option of reglazing bathtub, and just update the flooring, vanity and toilet to save on overall labor and material cost so that is probably still an option.I will live in the property for maybe 3-5 years and when I decide to rent or resale, I know how important a nice bathroom and kitchen are towards resale value.

Average loan size was $248,285 and average LTV 123%.

Also I have self employment income and 2013 income wasn't high because that was my first year as a realtor and 2014 was 70k but because they take the average I would have to wait until next year to qualify conventionally

However, I'd say $45k is not the average fee a typical wholesaler would make.  

They will probably want you to have at least 2 years at your current job and an average credit score. 

The previous owner may have only spent $2000 last year, but that average probably won't hold.

HVAC should run around $10-$15/s.f. as an average placeholder.I'd make sure to have the floor levels are the same as the other bedrooms if possible, meaning you will have to frame a wood floor over the garage floor.