My experience with most wholesalers is that their ARV is usually massively inflated and the repair coats are massively underestimated.Personally, using the free websites : Zillow, Redfin, Trulia all in combination is enough for me to run my own comps.It might be different in your state but in NJ, there is really enough sales data point to draw a  hard line.

With turnover, there is cost - finding a new tenant, lost rental income, making the unit rent ready (paint, repairs, etc).

I am finishing up buy/hold rental #6 and it will be listed for rent this week. 2 bed 1 bath 900 sq ft Purchase Price 45k Repairs 20k ARV 90k (appraisal pending) Rent: 950/mthRepair overview and photos here.....Repair/Photos

The property inside out is in clean and neat condition with nothing needs for repair.

The wholesaler wants 42000 and says the repairs are 20000+/- and Arv is 105000 .

The market value is $106,000 my bid was $65,500 repair $10,000 

Would you also advocate the tenant pay for repairs or paying extra rent ?

Unless the ARV skyrockets after repairs then it is probably not worth the trouble.

Repairs, turnovers and today I found my first lease violation.

@Steve Fitzgerald  We do normally ask for a credit repair, the seller will see the sales price higher and the agent will not have reduced he/she commission