You say the people advertising are wholesalers; if so they would be flipping or selling it for as much as they could get, not this huge a discount.I sold a high rise condo I owned in Phoenix last year for $260,000, while the same layout the floor above sold for $310k.

Anyway, to tell you the truth, after taking a closer look at the property and the layout, I have become uninterested in this "deal" lol.

Regardless of the new layout, I know there are people in here with access to the type of deals I'm currently seeking. 

You could also try to change the structure of the lease with a base rent plus bonus rent to landlord with annual sales over a certain gross number.Remember there is the location quality itself, the building design and quality of construction fit and finish, the parcel layout and parking ratios, any junior or large back anchors close by, the sightlines, the access, the traffic counts, and on , and on for valuation.

If the interiors are identical aside from the furniture (layout, beds, baths), I can't see the furniture being worth $25K. 

I was going to lay out $44K in cash and get back a little over $200/month in rent. 

I am super curious where you found this (it sounds like NC State area with the room layout).

Even though you have large search radius, at the end of the day most of the support an agent provides for you will focus on understanding buildings/layouts, analyzing deals and providing comps, and then making sure your transaction is logistically smooth. 

We love the layout and future design vision of the house. 

Plus the layout of where bedrooms and bathrooms are located relative to each other is less than optimal.We did try to make our own estimates of the ARV before we bought the house but there were very few comparable properties in the area so we decided to rely on our agent's estimate.