I waited a few days and raised my offer to $255,000 and they accepted. 

When I submit the offer I’m thinking of lowballing though to see what their counter would be.  

Transportation options are plentiful.

Quote from @Adam Macias: Wholesaling as it is today will be a thing of the past.It’ll truly be strange to even hear people and gurus trying to make big money off it.The more people try wholesaling but then end up not having an end buyer or cancelling contracts or trying weird things like novations, the more all of real estate will be regulated and cause requirements like licensing to be able to transact more than just your personal resident purchase.Which I don't know why hasn't happened sooner.Here's all the states (in red or yellow) requiring a license to wholesale or at least have started the process:Credit: REITipsterI think licensing and regulation is a beautiful thing that should happen if you plan to be an wholesaler and do more than one deal... which is going to be the case for anyone taking this business seriously.Or even it being regulated to need a real estate agent to do more than one deal outside of buying a personal residence.I've had plenty of failed attempts with agents in pursuit of wholesale deals and I know exactly why, it's not because the agent couldn't find me deals, it's just not practical to think there's opportunity for the numbers a wholesaler needs to make a profit on top of everyone else needing to these days.Because the only sellers who truly can sell at a deep enough discount are usually those who ran out of time and just didn't do something sooner with their situation.I know many coaches and gurus will disagree with me but there’s no regulations on youtube gurus and what they teach either.If we look at the current state of the market in hot cities, the availability of online resources to the average homeowner, how many deals can you possibly believe are available at 70% of ARV?

The income amounts look to be long-term rental (which they are and came in 30% lower than what the STR average did) and 2. why did the appraiser look at homes 20 miles away to compare to when there are PLENTY of rentals in town...

There are still plenty of markets where investors can achieve the 1% return, so $4 million invested would bring in 1% or $40,000 monthly.Whether that is gross or net is another story.

Those are my thoughts and the things you have to tighten up if you actually want to offer this as a service. 

There are plenty of community organizations (eg churches, charities) that they could reach out to for help and they should have done that sooner. 

You will not need to join CAR/NAR and I offer super high fee splits.  

On another note, just because your offer isn't close, as you said in your narrative, doesn't mean you're wrong with your offer price.