It also will help you a lot to learn how to properly calculate ARV as your buyers will want to work with those wholesalers more than one who is just throwing properties at them.

You’re saying a primary home buyer won’t be able to buy it.

Different buyer pools homeowner vs investors and the returns are definitely in the 4 units or in value adding the 2s. 

With the current mortgage rate constraints affecting how many buyers are willing to enter the market we are seeing a lot of borrowers have success with the BRRRR strategy with plans to sell in the next 3-5 years when interest rates go down.Researching potential LTR and STR rental amounts and seeing if holding for a few years is a viable option is a good analysis to do well. 

I think it would give it a little bump in value but it all depends on the buyer.

I know this seems low, but the way I see it, this is how much the buyer would potentially walk away with if they posted it on the market and minus all the fees and concessions so I am getting them to that number with none of the hassle and removing the issue of a looming foreclosure.

That makes sense from a buyer and renters perspective.

The problem I ran into was that most buyers that wanted to do it, couldn't bridge the equity gap and the sellers needed the equity to go buy the next one.   

It is slowly rotting and needs significant repairs to get it prepared to sell to a typical home buyer for a primary residence.

@Jonathan Klemm that is great advice for first time buyers!