The base zoning required 25 feet of frontage and a lot area of 2,250 SF per house.

Sam, your assumptions and tactics are off base.

The PMCs know what median rents are in different areas and tenant base.

If you connect with a good real estate attorney, s/he will certainly have a strong lease for you to use.

Based on location and some rough math, he's definitely looking for market value (stabilized asset) vs the current condition.

With consistent rental income and a strong potential for future appreciation, this property offers a reliable addition to any portfolio.

Any active duty base is preferable.    

In my personal opinion the seller should be aware of the market value of there home both before and after renovations and choose to sell to a wholesaler based on the convenience, timeline, inability to sell the house on the market, etc. 

The down payment is based off the total adjusted acquisition cost – the purchase price plus the cost of renovations.

These foundational elements enable you to navigate transactions successfully and make informed decisions.While there are many resources available, including courses and mentorships, the reality is that without a foundational knowledge base, you might struggle to apply what you've learned effectively in real-world scenarios.