Bill's math is a bit off - I see only ~145 more to go.

Dee,There are much smarter people on this forum that will probably chime in, but I see several problems with your math.

You'd need to do your homework (condition of property, current occupancy, etc.) to ensure things look good to proceed. #3.

Also, let me know what you guys think about my math for estimating what I could pay per month.

So using this math, a 150k property that rented for 1900/month would be no better or worse than a 173.5k property that rented for 2200/month.

One way around the picture issue, have the owner tell the tenant you are with the insurance company and you need a couple of pictures to verify the property for insurance purposes...or some other story along those lines.As long as I've done all the necessary homework, I probably wouldn't be too skeptical just because the seller was a little weird.However, it may be difficult for you to wholesale it without you closing on it first and getting the seller out of the picture completely.

It's a quick way to determine whether to dig deeper or pass.I haven't done any of the math, but it looks like these come close to meeting that 2% rule, so they might turn out to be worth looking at more closely.

Do the math and figure out which route costs you less.

Do the math, and it almost always works out to be usury.Short sale equals owners move out.

I am the builder and I will tell you to run your # in the area but that what my phone has been ringing to build for the few investor that I do work for.I wish you the best and the DC area but please do your home work.