In order to wholesale this property you have to have some idea of the rehab cost so you can properly calculate the profit margin that is attractive to a buyer.

Hi Michael,Yes Kroger and other grocery stores as you know work on razor thin margins.

Plus, interest income is taxed at ordinary income rates.If your dad lives in a high tax state like New York, his combined federal and state marginal tax rate could easily be 40% or more.

I have to build large margins into my numbers to hit my targets.  

Don’t know it much but recently did a subject 2 on a marginal deal around the Barry College area.

When economy goes down the tenants tend to move to cheaper warehouse space at less rent per sq ft or back into their home office to try and save costs. 80% of small business especially office work on small profit margins so any major shift they feel it more.Apartments in certain classes people think they are darlings and can't do any wrong.

I know by using a hard money lender it will possibly take 2-3 flips to pay off my consolidated loan depending on the profit margin.

Typical marginal deal

Eh, Marginal deal but place looks good and might be a good investment if you can get the price reduced down .

I can certainly make some suggestions on a Georgia-tested lease, but I've gotta say this first...If you're raising the rent anyway, I would strongly urge you to consider adding in enough margin to have the property professionally managed.Property management is where most buy-and-hold investors lose their shirts!