It would depend on the individual property too if it's something that has all older mechanicals and roof, you would probably want to factor that in.

Bob brought up some great points about balancing the spectrum of better financing with the headache factor when it comes to buying with or w/o selling.

I am thinking of just saying that I am a property manager and am seeing the property for the "investor" or something along those lines. but mainly what questions would you ask the tenants that could probe well for info. thanks in advance!

Its in a town we have a restaurant in i do mainly restaurant business, and have 1 sfr ( manage 3 srf including my own) at the moment but just recently discovered this lot off market someone trying to get rid of it yes new construction is possible yes i know contractors that will jump on it right awayJust mainly want to hear if bulding a brand new 4plex i can rent out to out of town workers on a month to month basis is worth while at a cost of 275k for 200-250 cashflow a door a month at a 15 year loan is worth it?

If you ever want to learn about note investing, you can always contact me and I can give you the main concept. 

This factors in market risk (the market dropping while I'm renovating), deal risk (surprises that might come up) and the value of my time.

Are there any factors that I'm missing?

I am brand new the real estate investing and the biggest reason i am interested in wholesaling is mainly because of the amount of money required to get started from what i am seeing.

They insisted this was just $8k worth of work and gave a $3k reduction in price stating they factored in $5k for repairs in the price already. 

It's REAL and we can control it.You will need two things...A Promissory Note, andA Deed of Trust.To fully answer your Qs, here are the main terms you need to agree on with your lender:1.