If they say they want to get $1.3M and you think it tops out at $1.2M you can take a stab at the listing but no chance you can wholesale it.Also since you said you have no idea what the rehab would be don't stretch on the ARV that a legit investor might pay.  

It's a stretch, I don't think they would.

If it isn't too big, you'll have better luck using a good caulk that will stretch a bit rather than packing drywall compound in it.

We can manage 20% down, but 30% will be a stretch.

Landlording isn't  always fun by any stretch, but asking about millionaires, I can attest a portfolio of rentals does wonders for your balance sheet @Mason Anderson! 

The city will be widening the road near this stretch and sent a letter asking if I would be interested in having the sewer installed.

Bay zip codes stretching from Fruitvale to Albany over the last six months.  

But if the market cap rate is 8 and you're thinking you're going to find someone to pay 6.5, thats a stretch.  

@Eugene Lipkin first off, props to you for stretching the conventional thinking of the tenant/landlord/property mgmt company process.

Brett Sorenson I would say that you are really stretching the definition of investment.