That's why it's not selling.In most markets, your Maximum Allowable Offer (MAO) to a seller should be no more than:        MAO = (70% * ARV) - Repairs - Wholesale_Fee        MAO = (0.7 * 290K) - 40K - Wholesale_Fee        MAO = 203K - 40K - Wholesale_Fee        MAO = 163K - Wholesale_Fee               - OR -        MAO + Wholesale_Fee = 163KSo, you'd need to get this under contract with the seller at under $163K to make any money at all as a wholesaler.At $200K you're NEVER going to get any interest from experienced rehabbers.This is also why you probably got no resistance or pushback from the seller.

Or offer credits for units leasing at no more then 3X median income, or say 2.4X median income etc etc... 

But, it seems to me that this is no more of a commitment than signing a lease where you have to live there for a full year...My advice would be to focus on saving, saving, saving for this next year.

If it was an investment property then some would consider it but it would still require 15-25% down payment - as some lenders will do 85% of purchase + 100% renovation but no more than 70-75% ARV.

No more googling about installment methods, wondering if double closings are still possible, or hunting for closing attorneys who'll go along with it.Instead, you can close on the property as an ACTUAL BUYER using OPM (Other People’s Money).

They kind of push it's more passive and no more dealing with property managers, tenants etc.

Purchase price: $470,000 Sale price: $470,000 •Offered at $470K•Market Value $648,206•Median Sale Price $540K•Ready To RentIf you're in search of a #turnkey #updated rental property search no more!

Guest Damage Insurance...This type of insurance covers small damages (no more than several thousand) that guests might do to the property.

New York City allows members of the public to have roommates in both single-family homes and in apartments, provided that these roommates maintain what is known as a 'common household,' meaning they share the livable space of the dwelling unit," Under the NYC Administrative Code, no more than three unrelated roommates can occupy a dwelling unit and maintain a common household, which means you can take on one or two roommates.

it was a joke no need to meet in personI used to work in the City recently took a full time remote job so no more daily city trips for me I live on the jersey shore near Asbury park and sandy hook