Some of your biggest costs may be hidden.

Hi @Daniel Klebba,Be aware that the biggest issue here will be in how you buy.

@Rachel Trimble, the biggest hurdle you have with those numbers is that your (mere) $20k discount off a $125k ARV appraisal is not really enough EQUITY to get you going with BRRRR.

@John OyedeleGo to IREM.org search the area for ARM certified property managers call 5 ask them what they see expenses per category, what they see them selling for, what they see them renting for, market occupancy and the biggest question do they know anything coming up for sale.Paul

The biggest question we keep getting is "Why do I need a wholesaler as a middle man when I can go to an Investor myself?"  

I think the biggest key is listening.

Since I am personally at risk of loosing almost 6 figures on this, I think the biggest lesson I am learning is that licenced and reputable companies are just as easily tricked as novice investors.

In fact the biggest key factors to succeed in wholesaling is 2 things: 1.Marketing 2.Networking(as the saying goes your net worth is equal to your network) Once you master those factors you'll become a successful wholesaler.

The biggest issue might be whether you need your real estate license or not.

I guess my biggest questions are: How can I raise the ARV and how can I best attract a lender that will lend for my retail flips within this community?