I gave the owner an offer based on best case scenario (which is most likely not the case) when it comes to rehab & repairs, and I told him it could easily change after we see the full condition of the inside of the house.

Because I tend to get bored easily with my work, I do know that I will most likely pursue a couple of different paths at the same time.I do understand that there are certain perks that come along with being w-2, such as Katy mentioned above.

Doing a zillow search with a precise filter matching the property would work just to get a good idea.

I know of a number of properties in Colorado that will easily meet the 2% rule and maybe even do 3% (for every $10,000 invested you get $300 in monthly cash flow).

Thanks for sharing.I too am stuck on the filter part.

@Ronnie Edge I bought this list and told them to filter it by out of state and in state absentee owners.

I can easily value the church. my question is how do I run comps or value the empty lots?

I like that I know the cap or can find it easily, and that my tenants are typically in place for 3 years.

This means the property has negative cashflow in the beginning, and then you used leverage to finance the deal and the repairs...but you can easily run out of cash to pay back the debt (and the repairs) because turnarounds can take twice as long and twice as expensive as one can estimate.

Flipping and wholesaling is easily learned and is not that difficult.