I was hoping for $140,000 but my realtor says to shoot for a selling price of $130,000 or lower so now I have to adjust my repairs to reflect that.

How much could you really trust the historical data knowing that they don't reflect the new competition?

I'm attempting to streamline the whole process upon reflecting on everything that occurred.

He does EXCELLENT work, 1-2-3, in and out, done right the first time, cleans up when done, the area is spotless.Again, I dunno, I just dunno...For certain lack of bookkeeping detail does not reflect quality of work.

Doing so will better reflect your cost of money over the term.This is pretty much why I don't get excited over landlords or investors speaking about cap rates and cash on cash returns, to be accurate, you need to look at the blended or weighted contributions to the deal.

On the other hand, some Austin folks don't travel outside of a 5 mile radius, or even own a car.For Central and "heart of the city" living, you're looking at 78702 (Central East), 78703 (Central West), & 78704 (Central South of the river), but prices reflect the demand and you're looking at anywhere from $250/sq. foot to $500/sq. foot..

Your rent and ROI should reflect this risk.

You can buy distressed property using hard or private money on a 9 mth term, then cash-out refinance it in six months using a new appraisal that will reflect the "forced equity" from the rehab work.

A great article was recently written by @Brandon Turner...See: http://www.biggerpockets.com/renewsblog/2014/05/28...I feel that a year coupled with some books, self analysis/reflection on what you want, smart goals, and building up your confidence level will do SO much more than investing on a time crunch & making a 2-5k wholesale fee.Thoughts?

It's not that much of a win for you as you may think.I agree with all the above as to it being a win for the seller allowing him to walk away, reflect on the aspects of his benefit in the contract.I only did these types of transactions in distressed situations, more often when there was some other economic benefit other than price and current property value.