Purchase price: $94,000 Cash invested: $15,000 Sale price: $162,500 Bought a cheap condo that needed some work when we moved to a new city.

I have found very little deals thru an actual wholesalerRe read what @Thomas S. wrote If you don't take the time to educate yourself, create your own business plan,and know the metrics of buying selling rehabbing wholesaling,marketing ,etc you will just be throwing money away like the hundreds of newbies flocking into the business 

If your somebody who's looking for cheap fixer uppers and will take care of your tentans then this small market is for you!

When we stopped finding good deals about 5 or 6 years ago, we just started throwing every penny into paying down the principal across our fleet (paying off higher interest rates first, obviously).Looking back, we probably should have invested that money in the stock market because our interest payments were about 4 or 5%, and we could have doubled that with fairly safe stocks, but that's water under the bridge I guess. 

Cheap is not always good.

But, you mention the word 401(k) and you throw most bankers for a loop.  

A roof is same cost on cheap and expensive buildings.

The property is a cheap 4-plex in a college town near us that is already fully rented, and the rental income surpasses the PITI, but that’s where we run into my question.

We are fighting but I wanted to throw this out there.

Example a cheap home that rents for 1000 might work well but your analysis from above would be a good bit different.