You ultimately made the right choice with all the updated facts.

Seems like a very intriguing way of managing property and benefitting from increase NOI and ultimately property value.I am looking at a 3 family property that needs a ton of work (perhaps $75-100K, although I haven't done a deep dive on pricing yet).

If you're still looking at different strategies I'd recommend reading through The Ultimate Beginner's Guide as it breaks them down.

Ultimately, I plan to use a it as tool for starting investments.

The list price, although not arbitrary, is ultimately just someone's best informed guess at what the home will sell for.

https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/Great way to get your questions narrowed down so that we can answer them!

I really recommend reading the Ultimate Beginner's Guide (https://www.biggerpockets.com/real-estate-investing) to give yourself some perspective. good luck!!

There might be many reasons for this and mostly the reasons revolve around location/demand...not initial cap rates for REI when it comes to ultimate profits long run....Think redevelopment.

Welcome to BiggerPockets, @Nadine Delille.Have you read The Ultimate Beginner's Guide to Wholesaling yet?

With being part of the community, I look to expand my knowledge on real estate investing and ultimately begin investing myself.