I'm willing to bet over 90% of wholesalers quit or lose money within the first 1 year. 

I bet most of your friends didn't get their by paying cash for everything, though.

Demo of a roof that size will be 40 min for a 2 man crew... you won’t even see a cost savings on a quote I bet.

I'll bet some of them don't actually have the money or wherewith-all to fix up their property.

Your best bet is to show the broker your current liquidity and the purchase price range you are targeting.

I believe that your best bet would be to either 1) find an off/on market property that already meets the 1% rule which will be very hard especially in that area in today's market or 2) find a fixer upper and buy it cheap and force that appreciation.

On average I would bet these ibuyers offer 20% or more above the wholesalers.

+1...fish through BP, bet you'll be surprised at how many people from your market post here.

Hi Rhoda  So depending on your income and credit score I would say best bet to get a FHA is using a mortgage broker in your area.

If you are in-line with comps (which I think you will be), then you have to take a hard decision - do you bet on making minimal or negative cash flow and get potential juicy capital appreciation OR find another deal.