You make assumptions that you will rent the property at say $1000/mo for next 12 mo.

My assumption is that it is much easier for sellers to click a mouse instead of make a phone call, plus this would reduce my phone time as well.Do any of you have a website similar to what I described?

You are in the right place.You have been given some good advice above even if we were not all clear on your knowledge and experience with wholesaling.Yes your idea of getting contractors in to give you an estimate on rehab is an accurate assumption.

I can assure everyone, just because I did something or someone else did something does not mean hat as done can be replicated, that's an assumption newbies make, "If he can do it, I can do it" not true at all.

Total cash down ~$30,000.Taxes and Insurance: (According to Zillow) $1,150 / year & $780 / yearAssumptions: 5% vacancy, 15% maintenance, 5% capital reservesEstimated Returns @ $1125 net per month ($1500 gross rent - 25% for assumptions) :CoC: 6.5% (1,950 / 30,000)NOI: $11,570 (($1,125 * 12) - $1,150 - $780)Cap Rate: 8.5% ($11,570 / $135,000)DSCR: 1.00 ($11,570 / $11,554)I feel pretty good about these numbers, especially considering that I calculated them using the rental rate that Rentometer gave as the 25% percentile.

Too many wild assumptions in your post that paint the BF as the bad guy.

Their assumption was based on looking at prior debt levels and increases in Fed rate at the time. 

With the duplex you mentioned, if you only have to pay a small portion then it kinda sounds like a good deal because if you decided to move out and rent out your current space, in theory you would cash flow but these are assumptions from my end because i dont know the numbers.

There is no assumption on the applicants side that something was going to be repaired/completed/updated before move in and it was not.

Whatever the case I do want to make sure that I'm not making an assumption about how it should be approached as I have little knowledge when it comes to the mentorship thing.On a recent podcast they talked about building up rapport with sellers of properties.