Or maybe an article that explains this in further details would be great. 

Happy to give more details of all the issues we put up with while living here just to avoid having to deal with the manager, but really wants some perspective from the landlords and experts here. 

Rather than bore you with all the details, here are the numbers I came up with:$88,000 PURCHASE PRICE (They are asking 93k and the city values it at 96k)Purchase Closing Costs$2,000.00Estimated Repairs$500.00Total Project Cost$90,500.00After Repair Value$95,000.00Down Payment$17,600.00Loan Amount$70,400.00Loan Points$0.00Amortized Over30 yearsLoan Interest Rate4.250%Monthly P&I$346.33Total Cash Needed$20,100.00Vacancy:$30.00HOA:$86.00Repairs:$50.00Insurance:$23.00Property Taxes:$85.00$1,000.00 MONTHLY INCOME (Property is currently being rented til May for $925 a month, but avg. is 1,300 there.)$620.33 MONTHLY EXPENSES$379.67 MONTHLY CASHFLOW9.17% PRO FORMA CAP$8,712.00 NOI$20,100.00 TOTAL CASH NEEDED22.67% CASH ON CASH ROI9.90%PURCHASE CAP RATEAccording to the numbers I think it'd be a great investment if I could find a way to get the $20,100 I need.

In the chapter on wholesaling, he states that many wholesalers include detailed bids from contractors in their proposals to potential cash buyers.

I’d just find some comps and call them and search for all the details about rents, deposits, fees, and pets.

For anyone that wants more details this is a decent overview from NPR news: https://www.npr.org/sections/alltechconsidered/2014/10/16/356693782/your-car-wont-start-did-you-make-the-loan-payment

I would need more details about how much savings you have, but usually I tell folks to keep their savings...

Fannie will give you the best rates and terms on 1-4  units) If its more than 4 units, then more details come into play?

Let me know if you'd like to discuss in detail. 

I am lucky enough that my wife is involved as well, I get to hear all the details and the ongoing city plans, discussions, and new businesses and investors coming into town.