Instead, I signed up for a bunch of Spartan races and Tough Mudders that were WAY out of my fitness league, and that has pressed me to hit the gym more.

A few minutes after I pressed ‘post’ I realized I could have worded my question better to get a more accurate response...If I am “driving for dollars”, as a wholesaler and see a property that could have a healthy ARV, what do I do next?

When I was looking on the west side of the state I was hard pressed to find that.

I think you will be hard pressed to get architect/engineering and permitting that low.

No harm in shopping, but I think you’d be hard pressed to find above 70%.

Because what is also common is persons low balling bids to get them, and then using a series of change orders to press the price back up to what they really meant to bill the whole time.

Your best bet is formulating a strategy that is going to help you win now and having the awareness to pivot in another direction should the market press for change.

I believe this would qualify as a commercial deal since you intend to rent out the buildings on the property; as you press forward you should prepare for reserves (6 months worth of rental revenue for the units)Calling a loan officer will get you the quickest & best answer

As a first step, I'm reaching out to BP community can help me answer some of my most pressing questions:1) As someone who has no construction related license, can I own a business that builds/rehabs residential real estate? 

I STRONGLY STRONGLY STRONGLY suggest, never do it on your own the first time. partner with somebody who has done it before in exchange for a piece of that pie, id take 50% of a pie + an amazing experience learning and building relationships with EFFICIENCY than going through the school of hard knocks learning on the fly getting screwed over by 1 or 2 people, extending your job out extra months (opportunity costs) and walking away with more than the first scenario I laid out, and even then I would be hard pressed to believe a first time flipper would walk away with more in scenario 2 anyways :)let me know if i can be of help im a flipper/agent here in Sac