The problem is that most wholesalers are new to the game and don't know not only what a good and bad price is but don't know how to estimate rehab costs and/or try to market other peoples garbage.

That is great to see that you are finally looking to kick start your business in REI, I was just in your shoes 10 months ago and I can't say that I had a bad time.

-Turns out she had a REALLY bad QVC problem and was basically up to her eyeballs in debt leveraged from the property to pay for said habit. 

And, not for nothing, but a turned down offer 30 days ago might not look so bad to a seller today.

Casey Murray how bad is the condition and what part of town?

Cash flow might not be your best bet, rental agents/property managers are very competitive now that no matter how bad they are in their job, they still get everything at market price.

It's only bad advice if it doesn't work.

Bad tenants are created by bad landlords.

David Gritz Maybe some bad timing on the question with live news coverage but I'll throw out one idea.

It is in fact a liability that will cost you far more than it will likely ever be worth over the life time of ownership (except in some select markets).Life style choices are not something others can advise you on.