The biggest drawback I am having is calculating cost for repairs & finding a reputable contractor for a fair price - I know nothing about renovations right now.  

Most Triple Net leases allow for the Landlord to bill for Taxes, Insurance, Common Area Maintenance and Repair, Reserve Budgets, Lighting, Property Management and mostly all other generally accepted operating expenses for a retail property.3.

- After-repair valueThe above list is by no means exhaustive, but those are definitely some key points that lenders will want to understand.

Consider the tenant pool (neighborhood class), property damage, and think about future capex and repairs.

Quote from @Mitesh Patel: Hello,An emergency electrical issue affected the plumbing lines too, and I am quoted the below price for repairs. 

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.

Getting into the story behind this one..This deal was sourced from a large corporate wholesaler (no names) Originally listed as 179,999 as a "wholetail" deal with an "ARV" of 250,000 I walked the house and estimated it needed little in terms of repairs, though I knew a realistic ARV was between 215-230 However, there were tenants in the house without a lease agreement with the current landlord.

. $300 will convert on $500 or more for repairs and additional costs.You have to find a good deal and partnering with an agent to help you achieve that is key.

I put in ~$500,000 in repairs, upgrades, furniture, etc and converted to a 4 bedroom. 

The numbers are all based on things like vacancy, repairs, capex, interest rate used and more.