Thanks  Use the Maximum Offer Allowed method to determine a reasonable wholesale spread.

SInce your interests are flipping and wholesaling, I added some links below on those specific topics.http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)https://www.biggerpockets.com/renewsblog/2015/01/31/ultimate-beginners-guide-real-estate-wholesaling-2/ (Ultimate beginners guide to wholesaling)https://www.biggerpockets.com/renewsblog/2013/10/31/wholesaling-podcast-mike-nelson/ (BP Podcast 042 - wholesaling)Your time on this social media site will be well spent.You have taken the 1st step by announcing your readiness and commitment to embark on a REI career.Whether you pursue, wholesale, rehab & fIip or buy and hold it's up to you to decide.The bottom line is that you must take action to start.

I added a link that will offer some tips.https://www.biggerpockets.com/renewsblog/2015/07/29/invest-real-estate-bad-credit/ (REI with bad credit)Your time on this social media site will be well spent.You have taken the 1st step by announcing your readiness and commitment to embark on a REI career.Whether you pursue, wholesale, rehab & fIip or buy and hold it's up to you to decide.The bottom line is that you must take action to start.

When prices become (or are perceived as) unsustainable, they collapse and can spread as happened with the previous housing crash.

Too bad, especially when these fires can often spread to the home next door, what if they have young kids put at risk, all so someone can not have to be inconvenienced by having their personal space invaded by a landlord or prop mgt co doing their job? 

Tax evasion is a serious crime and not something I would advise someone to post on a social media site.In all honesty it would probably benefit you to report it because depreciation will normally cancel out gains and may be give a bigger tax return.I am not a fan of being taxed but understand that we must all follow pay our fair share if our country is to become what it really should be.

If you are wholesaling you would be buying the property from the owner, then selling it to another buyer/investor for a spread."

The media?

Being a math nerd myself, I have a detailed spread sheet that I am pretty confident captures all of the details, which is how I developed the high level results above.  

The rehab on it would be 100k plus and listing would price would leave a spread with around 100k profit.