@Percy N. honestly it was a bit of inexperience on my part.

But my inexperience poses the question.Thanks in advance for any feedback!

It was tough for me to wrap my head around at the time to acquire it and dispo it shortly after and extract the value, but if the situation came up again, I would have TOTALLY taken action on the advice and bought it no problem.Now the valuation (purely spitballing) is probably close to 450-500k over a year later, vs the 350k that the seller wanted….The ultimate reason that the deal fell through ended up being because all of the bedrooms were rented individually with separate agreements and the bank required that I come up with more of a DP to satisfy their financing and I unfortunately could not… I also was a little scarred from my inexperience and working directly with those sellers in particular haha.

(roles that you take on vs roles you give to your team/vendors)When you establish your roles in your investment business, you can truly evaluate a property and see if it's a good deal for your investment strategy.Our inexperience can cost us so much more than the cost of a professional.

I can't speak for all, but attacking all wholesalers as crooks , cheats and liers  is a sign of inexperience or ignorance.  

However my inexperience in the business has halted me from proceeding.If there's anybody out there in the Southern NH area that would take me under their wing and let me tag along on one of their journeys to really understand what the whole process is about, I would be ecstatic.

I'm in a similar position in experience and have wondered the same question over many properties with converted garages and such.

My fear is I'm lowballing too much since by your calculations I should be paying them $275,000.I submit for your consideration that part of it may be due to your inexperience as a flipper.

Been told to wait for investing in real estate because of my age (19) and my inexperience in even owning a home, but currently homes are selling for $45,000-$75,000 in my area and prices are skyrocketing.

My inexperience I guess.