This sounds like a terrible deal, but not much info in hand.

All you can do is run the numbers and see if they make sense to you at this point.

Hope this helps! 

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If any of this sounds scary or not worth I would reconsider wholesaling.

It would help if you studied how your home compares to others and ensured it is priced right.

Quote from @Robert Frazier: I would stick to something that can be replicated on each flip when you are in a market like this price point.

BP has calculators to help you determine cap rates and values. 

For example, bank accounts we control and specific investor capital accounts are all tracked in this same software.For our investor reports, each month we download spreadsheets, write a narrative for the month's performance and then export it all to a PDF.

@Alex Del Rio welcome and congrats on Real Estate Professional Status (REPS) this brings with it a lot of tax benefits that you didn't have access to before.