I've never been able to refresh a whole house for anything less than $10K, but you might be able to do lower, since I am getting social prices.

Their data is pulled and refreshed directly from MLS (MRIS in my DC/MD/VA region), so it's as accurate as the listing agent enters it in the multiple listing service. 

Option 1 is much more direct; however, if you decide to go this route, you'll end up with more properties and more cash flow as well as the responsibilities that come with that additional property.The refinance also has some risk, you'll be refreshing the loan there and basically starting over on that... however, if you're able to successfully re-fi that mortgage back to a conventional, and sustain the increase in the mortgage payment, while you apply for another FHA and hunt for another property to get into, then you should be fine.But that's what I think will be your biggest challenge, just making the jump from the current property to the multi.

He has rehabbed it and it is now totally redone...fresh paint, new kitchen, refreshed hardwoods, new linoleum in the kitchen, new heating/cooling sytem.

A very refreshing thread/question that isn't asked nearly enough by those who want to get into wholesaling.

If/when you decide to charge more, you'll quite possibly be faced with the reality that you'll have to invest more capital to upgrade and refresh the unit(s).

The other issues with regard to closing more deals could be improving "targeting" on the DMM (which I'm aiming to do when I refresh lists in August - based on all I've been learning on BP), and being more creative on providing value to homeowners.Listening to the BiggerPockets podcasts is a huge resource.  

Marc Kohler also has a podcast on iTunes called The Refresh Your Wealth Radio that talks about tons of legal tips and advice. 

Once it's developed, you can use it over and over again and just refresh it every five years or so.

I've been through a few of the modules and they're actually great refreshers or introductions depending on where you are in your evolution.