I purchased my home in 2008it is perfect because it has an attached jdu and so I rent it out to pay my bills.

The main thing to remember is that not every deal will be a "perfect" BRRRRR.

I have perfect credit 20% cash down on 400k purchase.

I’m picking San Diego because it has a high occupancy rate and year around weather is perfect.

Don't over think it.There's never going to be a "perfect" deal. 

@Sejin Kimyou got a perfect response from @Collin H.positive cash flow will require you to be a top notch STR / hospitality operator. 

Based on the criteria you listed, I think our market may be perfect for you.

Gap in affordability should be a perfect storm for rent increases....maybe next 5 years.While there was a huge runup in prices in DFW area after 2019....where are those people going to move? 

For this example we will use 70% For this formula you will need to know the following:ARV=After Repair Value ( How much will the house will sell for after making all the repairs needed)Repair Estimate - (Send me a message and I can send you a list I got from my mentorship class for ball park estimates based on square footage and depending if you need cosmetic repairs, avarage repairs or Extreme repairs)Your Assigment FeeARVx.70 - Repairs - Your Assignment FEE = Max OfferExample$200,000 x .70 = $140,000 - $30,000 (repairs) - $10,000 (your profit) = $100,000 (offer)Your potential profit is $10,000 I hope this formula helps you make offers that will make sense for all involved in the transaction.Happy Wholesaling,Lily Rodriguez - Investor friendly Broker18 years in the business, and I understand it perfectly.

In a perfect world, they may share it evenly (in this sample that would be 3% of the sales price, which is 50/50 of the $24,000) but you'll see a lot of much smaller splits, even as low as 2%.