It is kind of rough, but who doesn't enjoy a tax deductible trip to southern Utah 1 or 2 times a month?? 

You'll almost always lose money after closing costs, realtor fees and interest payments unless you get lucky and experience some significant appreciation or if you find a GREAT deal.If you're going to keep it and rent it when your done then it'd be a good idea to check out the airbnb market and speak with a local property manager in the area and figure out what kind of returns to expect from the business.  

You'd be negative cash flow if it was a rental and you don't have any equity for any kind of cash out refinance. 

I was wondering what kind of questions everyone asks sellers when they have a lead for a potential wholesale deal?

I visited 3 different town/county offices yesterday and got bounced around to various people.

Unless you are using it as an initial negotiation tactic (all cash, no inspection kind of offer), I don’t see why you would want to set any limit up front.

I'm saying that kind of revenue on ANY Airbnb rental is not typical!

I feel confident in most aspects of deal-analysis, except for understanding repair costs, especially when looking at online pictures from afar, so this is the area I'm feeling a bit stuck before truly engaging in any kind of offer-making.Thank you to any experienced long-distance BRRRR investors that are willing to share some wisdom with a newbie like myself!

Sorry I’m kind of all over the place Im just trying to soak up as much as I can and pick your brain some.

Hope you're well.It say's the total cost of the project (price + closing costs + repairs) is $237,500 and your after rehab value is $220,000.I definitely wouldn't recommend starting off with negative equity in your project.You'll want to buy homes in the 105-115k range (or lower of course) for a deal like this one, if you can.If it needs that kind of work, the deals you're looking for are out there.