I have a  potential  wholesale deal but before i put it in contract i want to get your guys feed back on it. this is a wholesale deal that i found just by putting we buy houses advertisement online specifically Cl and Facebook ads.

So many to hit up on this feed!

"Don't bite the hand that feeds you".

You need to find an investor friendly REA, then sit down with them and set up your own personal "feed" with multiple zones based on the markets and property profile you are looking for.  

@Scott Davidson I appreciate the feed back and I do not know much about depreciation, how would I calculate it as i am versed in some real estate processes but am still very green

Its a very intimidating process not having done it before, Really appreciate the feed back everyone!

A property popped up today in my MLS feed that well is cheap enough that it could be a deal considering the neighborhood it's in, but it has an indoor pool that looks pretty decrepit.

@Ryan Jenks  instead of going laterally go vertical come up to Oregon.. you can get 5 to 7 caps ,, 7 are tougher to find but they are doable. and no management headaches.as for the wipe out in Memphis.. they bought a 40 unit... for 8k a door it was 70 % vacant... broker feeds them a line.. that they can get it up and running and sell it for 40k a door.they proceed to dump 600k into it... so just under a million .. and were planning on making about 500k on a turn aroundWell that tenant base in Memphis that is D class you simply can't do from a far.. first managers are stealing from them... few murders.. and other violent crimes..

You wouldn't know it from the pictures and it makes me wonder how many people actually go look at the houses before bidding or are they feeding off the people who don't bother or are hoping for the best?  

I think an economic slowing is in the near future and would prefer not to feed a property.