However, they have given us no indication of that.

They've indicated that they're willing to sell below market to be done with it quickly.

The "hmm, OK this may work" indicator is really anything 1.3% and above.

Wholesaling land is different than wholesaling houses and make sure to do your DD; see below;- Make sure the land has a situs address which at times is a good indicator of building or not.- Ask seller and confirm with the county of local utilities, does it have water, power, can it perc?

Minimal capacity and everything being extremely restricted.

For my units, we maximize profit by minimizing low/no rent periods and out of pocket expenses and then keeping paying tenants as long as possible.

Just the regular maintenance, etc.Problems were minimal at first, just the usual you got to wait 3 weeks for them to inspect the place, and if they find one thing wrong like a cracked light switch plate you are not allowed to fix it even though you are standing right there next to the inspector. 

The cost savings is minimal.  

(We also were conservative in our new home purchase and are able to cover both mortgages, though we've tightened our belts more than we would prefer of course.)Anyways, we did immediately get an offer on the house, which we took after minimal back-and-forth negotiation led to an agreed-upon price of $112,500.

First of all, you’ll not be able to borrow based on appraised value for a minimum of one year after the purchase is completed; lenders will use the lower of cost or appraised value.Secondly, while the appraisal may indeed be indicative of a great buy on your part, understand that an appraisal is one persons opinion of value.