Run the numbers based on the information you glean and find out what price is a good deal.

Thanks for the replies, looking forward to gleaning information from everyone.

Maybe too hard to make apples to apples comparison at this point without specific units, but to the extent there is any directional guidance I can glean it would be helpful to know going in as I start doing my research in earnest.

I don't want to waste anyone's time right now since I don't have capital or deals on my plate...I'm trying to learn about the concepts involved - I figure if meetups are happening already I'd love to glean information from them and somehow help out with whoever is putting it together...Happy to spring for coffee one day even!

Most of this sadly went over my head (Again, this is my first deal).From what I've gleaned, it sounds like when I get the title I can add a deed restriction that lets my family member receive some of the profits if the house is sold within X years.

I'm looking forward to making my first deal in over 10 years this next year, with the help of the information I've gleaned from BiggerPockets, and plan to also become a pro member to give back and take advantage of the wonderful opportunities that the staff has put together.

You glean so much more off of listening to others talk than you could just reading posts online.Let me know if there's anything I can do to help you progress!

As you've probably gleaned, there's no real right or wrong answer here, particularly when you're talking about a few hundred bucks (30k, we'd all be urging you to save your $$). 

It caused me to update my post to include the "no legal advice given" comment that I usually make regarding such matters, as I am not an Agent or a Wholesaler, but go by what I have gleaned from other posts and other sources and yes, I have been guilty of attending the occasional seminar.I wonder how this differs from other States, and how many Wholesalers (or Agents knowingly dealing with Wholesalers) have been fined, and paid up!?

Through this process, I have realized that there are a number of decent properties out there that need just minor work done and they would return a pretty good profit.I've got a background in mechanical engineering and have a lot of experience in project management and home improvement, so I think that experience would translate well in this field.Looking forward to gleaning some of your wisdom from this site!