Properties in high crime areas aren't worth much so you can't buy them for the appreciation factor.

Sadly, women Realtors are so exposed to this.Highly recommendnever show aloneget the prospects Name, Cell, and Email and refuse to show w/oTell an office mate of where, when and whom you are meeting withUpon arriving onsite and in the presence of the prospect, Call your own office voice mail and speak so as to be over heard, "Yeah, I with xxx at yyy and expect to be done by  HH:MM, C U then".

Now that I think of it, another limiting factor to this would be the veterans DTI, correct?

When using the wholesale equation: Max Offer = (ARV*75%) - Repairs, should I also factor in holding costs, transfer costs, closing costs, marketing Ect?

I understand that capital, experience, net worth, and liquidity are all factors for securing investors and financing.

When I went into the house after the A/C guys installed ductwork, there was exposed duct going through a wall about 3’ above the family room floor.

So shouldn't the total ROI be somewhere in the results factoring in the built in equity at purchase of $40K?

That needs to be factored in with the amount of consideration given for the option by the TB.Whether you stay on and manage it as a rental or not depends on whether you are assigning or sandwiching.  

In my mind this would be a top decision making factor if I was interviewing investment realtors.  

Most of us factor 8% to 10% on vacancy.