Please advise.

Not being familiar with California laws I would advise consulting an attorney to attempt to either raise the rent if possible or to evict.

I’ll also be advising all of my investor clients accordingly.

I just started a thread where I invited people to share tips and advise how to do wholesaling the right way.

Readers are advised to seek professional advice.

Any advise would be appreciated!

As I am coming to see it, even an experienced appraiser would struggle to advise here because of the subjective value to the limited pool of buyers (as noted by Kevin).

I tell everyone that the market is less important than the team you pick to run your operation.Buffalo is a great market if you are looking for a lower barrier to entry and higher cash on cash returns.I would advise you don't fall into the trap of chasing the cash on cash returns.  

I would go on her site, check out all her content, and then schedule a call with her team.She's been doing it for decades, and can advise you on next stepsGino

However, @Bruce Lynn provided a great reminder to remember all of the expenses that could be included in your cost basis; again, a CPA advising you specifically would be the the best bet.