What is VITALLY important however, is that you hand write the envelopes.

If I do decide to wholesale the property, what figures will be vital in my analysis as to what to offer the seller?

In saying that, it is still vitally important to make good and educated decisions of investments, but as you said, if you "Buy it right," that is how deals are founded. 

@Jason Sterner If you're specifically looking for urban areas I agree with @Nik Moushon - no regs means there's a vacuum that will get filled sooner than later.I'm in vacation markets where short-term rentals are a vital part of the local economy.  

Not sure what your strategy or goals are, but having rights and control of your properties is vital in this business.

And very little appreciation, they were 50k then, they are 50k now.Bottom line, cash flow is vitally important to keep your operation going, but it is not how you generate wealth in real estate.

Tell them what your goals are, ask them what THEY want out of you (as presumably you'll be a vital part of their deal flow eventually).  

That one vital step has kept thousands from being our competitors and unfortunately kept them one step away from financial freedom.

Furthermore for asset protection, you will want your layers of protection in place.

Many states will allow up to 2 layers only per roof.