What I always try to preach it that there is no magic pill, no secret portion or miracle when it comes to real estate.Good luck!

For sight unseen that is too slim a margin for me to be comfortable though.

If you buy in an LLC, which most would recommend to protect yourself the chances of you getting all your money back out is very slim.

Jeff, Not trying to rain on your parade… But you buying it from them prior to it being listed… Well… Is slim to none.

There is even a Poison Pill provision, but if you want to know what that is, PAYan estate attorney to tell you.

Hard pill to swallow but I have to let go, and move on to better cash flow.

Then you factor in the cost of repairs and most of them have slim margins as a wholesaler or they only become profitable if they are on the high end of the market, so even though the percentage amount is lower, the cash value is higher.  

Strike up some conversations and see who you meet.As for having a Realtor, you might use them to help you find leads (although leads on the MLS are slim pickings these days), but you definitely want them when it's time to list your property after it's been rehabbed.I would also add a CPA to your dream team.

If your market is anything like ours here in the Austin metro area there are a shortage of rentals so I would find a tenant that will sign a one year deal, the odds of this potential tenant actually purchasing your property are pretty slim compared to the odds of them bailing and increasing your vacancy rates.

If you are leveraged, then you have a lot more in fixed costs, and if your ratio is already slim, putting money aside for vacancies will keep you from tapping your own personal cash flow to cover expenses.