The wholesaler did all the work, all of the research, crunched all the ARV numbers,  had spent over a year building their list of investors, and then went to an agent to write the offer on a heavy fixer in MLS.  

Crunch the numbers for both scenarios.

Hi Lance,Before sale,  asked CPA who has been doing taxes for this property for all these years, to crunch numbers given above.

I try to get a lot of the time consuming preliminary items out of the way prior to travelling to the area so I'm not making too many trips.When I first started doing OOS investing, I would travel to an area first, check it out and I found myself constantly going back and forth for areas I missed or got referred to last minute, or an agent wanting to show me new areas once I've left, I was wasting a lot of money going that route, now I try to crunch as much as I can before travelling.

For cities with good fundamentals and job markets that generally bounce back quickly those numbers will turn quickly as well.Smaller towns and more suburban areas will feel a crunch for awhile longer i believe.Should be an interesting time for investors with cash and funds.

I know people thought I was crazy joining when I was that pregnant lol... but I saw it as a time crunch to get it done quick, not a road block (but maybe i am a little crazy lol)@Howard Young - I'm glad my story could motivate... don't let anyone distract you from the path you're on!

The security deposit can be up to 2x month's rent in year 1 in PA, but drops to 1 month's rent with year 2.My tenants pay anywhere from 15% to 70% of their rent with the Section 8 subsidy covering the rest.In Delaware County, PA, the housing authority is severely budget crunched.  

We are trying to crunch the numbers to see how we can invest in lower mainland (as it is going to be our first RE investment so we are more comfortable to have it close to us) but it is really challenging to find one with reasonable return.I would really appreciate any feedbackCheers

Vacancies are an issue in Phoenix and other sun belt areas. 2) travelling there to meet with buyers agents and property managers + get a feel for the town etc 3) check comparable sales on trulia 4) crunch the numbers using the 50% rule Quiet a few people on here will tell you to stick to an area you know and are familiar with- but they dont live in a completely overpriced market like Cali.

In the past a lot of the preliminary work I did was to separate the BS & crunch the numbers before presenting her with the bones of the investment.