Also, is this plan doable and does it makes sense as far as getting a good return on investment?

Because literally everything will be brand new, maintenance costs will be very low for the first 7-8 years.In Houston 1% is doable in many areas. 2% Can be done only in certain areas but even then it's rare to find. 

But, it is doable.

I think it is doable if you are going to buy it and put some sweat equity in.  

@Anthony JohnsonWhat you're planning on doing is very doable if you're determined and play it smart. 

It is a little clunky, but doable.

Numbers are a bit of a stretch there, but possibly doable.

From our initial search, seemed do-able but we will have to start driving down to become familiar with different areas.

I know this is not a new concept, but it is fairly new to the overall 30,000 foot view of wholesaling.What I want to know from the people that are experienced in running a virtual wholesaling business, is it actually doable for someone just starting out?

The truth is that no lender wants to 'own' that the mortgage or mortgages is/are perfectly doable,  but they have rules particular to them that prevent it.