I also went to GA Southern for a couple years so spent plenty of time in Savannah.The biggest advice I have is to make sure the numbers on any property you find work, i.e. it is anticipated you will receive positive cash flow.

The holes in the walls are generally someone either checking for inspection or a thief pulling plumbing and electrical out in different places.With the ground issue in the garage and the floors might hardwood floors might not be salvageable.I think you will have some more costs than anticipated once you get into it. try to get it at a really low price.

Also, if I'm understanding correctly, you're saying that you think you could make significantly more profit than anticipated now?

Since you can also hold personal property with the anticipation that it will increase in value before selling it, simply holding it while it increases in value doesn't by itself convert it to an investment property.

Overall with the known detractors, I am recalculating an ARV of 280K.So the numbers now look like this:ARV-280k70%=196k120k RepairsMAO=76kOffer should start at 65K (Good chance of getting this accepted)Even with the numbers a little tighter than originally anticipated, there is still a profit margin of 45-60K (Although with holding costs, 45K sounds right on the money).What are your thoughts?

I am looking to wholesale or possibly buy a property that has good rental income,equity,and a mortgage.As a wholesaler,are you simply trying to negotiate the best selling price or are you looking ahead and anticipating what the buyer may want in terms of the existing mortgage?

So you should be trying to discover which of the tenants there are already anticipating moving out.

I've posted a 24 hour notice of entry and my wife knows how to give a preamble of recording and use her video phone.I don't anticipate a problems, but I have to control the frame of how things will proceed.

Are you anticipating getting a good price for it?

Would you anticipate flipping to another investor or sell on the retail market?