Wholesalers call themselves all kinds of BS things to disguise the fact they are wholesalers...facilitators, transaction engineers (my favorite BS), etc.

I have been running my family restaurant business for the last 11 years, looking for new venture for myself

I am a mechanical engineer by trade but currently hold a project manager position for small to medium capital projects.

Two: I feel as though I should be running the numbers like the 70% rule starting from their listed price...

There might be many reasons for this and mostly the reasons revolve around location/demand...not initial cap rates for REI when it comes to ultimate profits long run....Think redevelopment.

Aboutevery six months I have a vacancy at which time I run an ad in Craigslistand hold an open house.

There are rental calculators on BP and other sites that can help you run the numbers.  

Also, keep in mind the funding fee that will be added to the loan when running your numbers.

Maybe we will run into each other at one of the local rei meetings.

The free webinars that they run are fantastic and they typically do a getting started in flipping houses one from time to time.