For someone who isn't experienced at evaluating the repairs ($) need for a home, is there a check list out there somewhere to help with newbie wholesalers so that they can give a more accurate dollar amount on what needs to be done to the home? 

Hi @James O'Connor- head to the rental properties calculator underneath "Resources" at the top of the page and plug in your numbers there for a more detailed analysis.

You don't have to spend a ton of time on a more friendly response.I go out to the property with my contractor and get an estimate.  

If anyone is interested, I'll send a full report after I see it and receive a more accurate list of comps and verify some repairs.

This is market-dependent, but you'll only be in a more secure position if you consider appreciation as icing on the cake rather than the whole meal -- especially for your first purchase.As far as it being a good deal, well it might make money, it might not -- those questions really depend on your experience, how you manage, how you finance the deal, and your exit strategies.

Why not get a more firm number?

But for investors like us, it provides a more passive way to start building a portfolio.  

There is not a lot here employment-wise but it's becoming a more popular bedroom community for NYC.

I just want to give him a couple of weeks for a more solid contract/agreement. 

I don't want to speak for any of them, but I for one would like to get a more regular Lincoln group together.Several attend the REIA meetings in Omaha, but we'd like to have something closer as the markets are completely different.I will suggest setting something up after the first of the year if you can wait that long.