There is also advice I take with a grain of salt because I work a lot with investors, and that's very different than most of the business in my office.There were two thoughts that came to mind when I read your post.1) Look for a different brokerage.  

@Dan BakerYou should stop by our meetup in Roppongi, there are a few guys with some good experience on this front.One thing I can say is, take the sellers/agents pro formas with a serious grain of salt.

Based on what you've said my advice (I'm still new too so take it with a grain of salt) is to try to find another wholesaler you can work with to show you the ropes.

@Michael LowryI'm not familiar with your area, so take my advice with a grain of salt, but you seem to be offering the owner top dollar on a property that is already getting top rent dollar and you're putting 100k down and paying 7% on the balance.

Take my advice as a small grain of salt but I believe the cash would mostly be for marketing in order to find deals that you can wholesale.

Absolute newbie from Salt Lake City.

I haven't used the value add strategy that your considering so take my advice with a grain of salt.

I am a new member based in Salt Lake City Utah.

Anybody know of a good bookkeeper  or bookkeeper/CPA in Salt Lake county?

I could massage the same numbers to tell you I'm expecting an 18% annual return and still not be lying to you - that's why it's so important to take these highlight numbers with a grain of salt.