You should never blindly accept any of a wholesalers numbers. 

@Joaquin Garuz I'm up north in Boca and I've been watching the trends between West palm and homestead since 2015, the numbers just don't make any sense, everybody is blindly betting on appreciation and I'm waiting to see how it all plays out during a downturn. 

There are likely several blind spots that you may be missing from information on the forums.

They become blind to their building going from B+ to B to B-. 

(we landlords are the blind optimists.

Usually I say, "The Blind Leading The Blind", but for this thread I will say, "Looking For The Blind Leading The Blind".Don't pay any attention to what I say because my doctor prescribed narcotics that are far too potent.Don't ever pay someone for advice.

There are some things you can potentialyl break out so make sure you have separate costs for materials/labor for:Land improvements, paint, flooring, appliances, blinds- there are few other more specific as wellA good REI Tax Strategist can help ensure you get the most benefit from your renovation

I know my numbers and comfort level and I am not rushing to buy blind because I think it's the only property like this - it's not.

I will call your meetup 'The Blind Leading The Blind'.

@Matt Eperesi Watch the property taxes in Bellevue, they can really blind side you after closing if you buy way above the current assessed value and they re assess.