I've cam up with a $280k ARV because to properties on the street and block sold 7 months ago for just of $300K same style, rooms and similar sqft, only major difference is the house I might be possibly rehabbing has only 1 bathroom and the rest that sold for just over 300k has 2 bathrooms.

So I did the 2nd interview a little over a week ago and the owner called me a couple days ago to set up a ride along which essentially is a 3rd interview I guess?

The properties higher than $275,000 had the same square footage with more bathrooms.

I am interested in a property in Bartlett with a zip code of 38135 going for 149,000 4 bedroom 2 bathroom.

Lived in one bedroom, rented out the other 4, allowing him to essentially live rent free.  

Here's the essentials:~900 sq.ft 2/2 condo w/in unit w/d - Mount Prospect, ILcurrent tenant signed a lease 8/1 - 7/31, just asked me if he could have out 10/1.$1150/month rent - about average for the area$67k left on a $73k loan @ 5.75%, appraises at around $90 (so 25% LTV) - $900 PITIcarpet will likely need to be replaced after this tenant leaves - had 2 large dogsall major appliances ~7 y/o and in good working orderI bought it in '09 - it was my first home purchase - and lived in it till summer of 2012.  

Kristin me and my wife picke paint colors, tiles, kitchen cabinets bathroom vanity and everything else you can see and touch ourselves.

I got a deal on it because it needs a lot of cosmetic repair and isn't the most functional house (the previous owners didn't live here, and for reasons I still don't understand, removed the kitchen and remodeled the bathrooms, but left showers, vanities and mirrors out (just new tile, paint, and a toilet in each bathroom.

Paying for a warranty is essentially paying for repairs + administrative costs + marketing costs + profit for the company offering the warranty.

Essentially, the wholesaler is a middleman who is paid for finding deals.