The easiest way to get around this is to figure out how much the property would cash flow using the "rental property calculator." 

I wonder how much $ he made referring people to 5 points (which seems to have been a crappy company to refer people to if it's true that their license is suspended).

@Jerry ZhangIt's a pretty impossible question to answer.

@Shivani Brijmohan, while I cannot speak to NY, I will say in general:You should know how the property will be reassessed when you buy the property.  

I was thinking to increase rent by 200 over the course of 3 months to get to fair market price.

What's more important is that you learn how to screen properly and then enforce the lease to keep peace in the home.

There seems to be three “camps” of opinions and experiences when it comes to asset protection.  1.

Welcome to BiggerPockets, Marie! 

But to answer your question on how to do DD on a wholesaler/ what to ask a wholesaler: You have to do your DD on the property itself.

Purchase price: $273,000 Cash invested: $60,000 Sale price: $375,000 Purchased the property with a "subject to" agreement, did a cosmetic renovation, cleared outstanding condo dues, and resold the property.