Again, the cost of repairs or improvements has no bearing on the ARV, but after that value is found, then consider the costs to get the property at that value as well as related expenses and you'll see where you need to be with your profit included.

—In all criminal cases, contempt cases, and other cases filed pursuant to this chapter, if a party has sold, leased, or let real estate, the title to which was not in the party when it was offered for sale, lease, or letting, or such party has maintained an office bearing signs that real estate is for sale, lease, or rental thereat, or has advertised real estate for sale, lease, or rental, generally, or describing property, the title to which was not in such party at the time, it shall be a presumption that such party was acting or attempting to act as a real estate broker, and the burden of proof shall be upon him or her to show that he or she was not acting or attempting to act as a broker or sales associate.

I rely in my own research and listen to my own inner voice when investing and managing my own equities portfolio.We are now 15 years into the 18 year bear market cycle.

Issue is not with wholesaling, assigning contracts, it's the misinformation, twisted comments implying things that aren't correct, just like the title of this thread, the original link has absolutely no bearing on any answer to ethical or illegal activities, nothing but a misleading inference used to point out hype of a big deal that also has little bearing on what small residential wholesalers do.

Remember, this was put out at the end of September 2008, just after Lehman Brothers filed bankruptcy, Bear Stearns insolvency, and Fannie Mae and Freddie Mac are 'taken over'.

Stop and think the average bear market is only 50 to 60 days long.  

The rent you charge will be well above normal market rent.Possibilities are...They leave in 1-12 months, you rent it to someone else as a furnished rental at the most the market will bear.

We pivot with what the market bears.

Fortunately, an architectural professional with knowledge of the local building code will be able to work with you to develop a new layout that makes the house flow better and creates a more appealing space for the buyer.The architect will help you avoid some of the major pitfalls in changing the layout:You must NEVER, ever, replace a load-bearing wall.

The grip Stick is an absolute bear to install for the novice.