Sure you want to improve the property but what’s cash flow on that unit?

I think you also need to work on the interior improvement. 

I am okay with waiting on making any improvements during this period if I can get it at a good price.

Right now the money is sitting in a savings account making a sweet 1.75%, so 5% would be an improvement, albeit a much riskier option.

any ways hes a tax and legal expert no fluff type gives it to you straight check him on YouTube if you haven't heard of him.

There is some good information on wholesaling by a guy named Max Maxwell on YouTube. 

So if all lots are rented total yearly rent = 300*12*35=$126,000Estimated expenses, let's say  35 % of gross rent $44,100Net Income = $81900at 10 Cap $819, 000  (Cap rate depends on the area, capital improvements required etc) 

Whatever you do, be careful and invest in a growth area a diverse city and where you think we are in the real estate cycle. the age of the subject improvement and if there are any possible subject construction items that need to be covered up or removed by a special contractor.Good luck to you!

We started with these goals:Business partner wants to retire in ~6 years.I want to retire in ~20 years.We want to have $120k in cash flow by year 6 and $600k in cash flow by year 20.After buying and improving each business or property we want to outsource management.With these goals in mind we came up with a plan to invest $220k per year for the next 5 years ($1.1m total excluding capex), purchasing one passive income business (apartment building, storage units, ???)

Also, provide the buyer with other records such as copies of the current rental agreement, record of deposits, move-in condition report, and record of improvements made to the property since the tenant moved in.