.$500 seems low for a pet.

The comps were from 2021, nothing recent now that prices have risen exceedingly higher and they got my rental income too low based on rents that were 1/4 of what they are currently.

Stiff finder’s commission but rent was guaranteed and ongoing charges were very low. 

For this example we will use 70% For this formula you will need to know the following:ARV=After Repair Value ( How much will the house will sell for after making all the repairs needed)Repair Estimate - (Send me a message and I can send you a list I got from my mentorship class for ball park estimates based on square footage and depending if you need cosmetic repairs, avarage repairs or Extreme repairs)Your Assigment FeeARVx.70 - Repairs - Your Assignment FEE = Max OfferExample$200,000 x .70 = $140,000 - $30,000 (repairs) - $10,000 (your profit) = $100,000 (offer)Your potential profit is $10,000 I hope this formula helps you make offers that will make sense for all involved in the transaction.Happy Wholesaling,Lily Rodriguez - Investor friendly Broker

Hi @Michael Behr,In my opinion, the rental income is way too low for this to make sense.

Side note: Keep in mind some items are naturally low profit margin work and some are high profit margin work.

We have tried various marketing methods and our focus has been on Direct Mail and SMS texting.However even though we are getting some calls, all the properties are not stressed or needing work so we can get a low enough price to be able to wholesale.So we are starting to believe the best way to increase our success in finding wholesale is "driving for $'s where you obviously find distressed properties because you are literally looking at them and then we can focus our time and effort on finding the owners. 

All of these numbers seem low, especially property taxes if this is in TEXAS:Vacancy $105.00 (3%)Repairs $105.00 (3%)Management $175.00 (5%)Property Taxes $66.67 (2%)What kind of unit is it?

WIth buying a property as a primary residence, you'd receive far better terms with an FHA loan.With an FHA loan, expect an interest rate in the high 6's low 7s.

Her credit was in the low 500 but this is one area I am willing to be flexible as I do not like to compromise on income/rental history/no pet.