You can get some estimates from contractors for what they charge for big ticket items like to renovate a bathroom, renovate a kitchen, replace the furnace, replace the roof, etc.All wholesale deals should have free and clear title and you should be able to see the sales agreement before submitting the earnest money deposit.

Thus, they are more apt to be torn down since they are in central locations and larger projects can replace them.With regards to the general BP poster or reader, doubt most of us are the $100mm to $300mm investor range to consider taking advantage of these properties.Looks like you're in California. 

It sounds like you’re bringing a wealth of experience from the commercial real estate world, which will undoubtedly serve you well as you expand your residential portfolio.

And buy 2 replacement properties.1.

I know this may sound simple and unorthodox, but I think you should try to BRRRR as much as possible.

The neighborhood specialist sounds to be the better fit.

Does that sound like a winning strategy to you?

I thought the 'add 1-2%' interest rate sounded low.

Sounds like a cool opportunity and it also sounds like a lot of folks have some good ideas/approaches.

Quote from @Leslie L Meneus: @Jamie Parker sounds awesome  Thank you.