So I hopped on Google maps street view for some more clues about the condition - the house sits on lot perpendicular to the street.

I mean from what I am perceiving, the 2-4 units have much lower (buy & sell) turnover and typically (at least on the open market) the units are sitting out there for many months or even years without much price adjusting.

Sorry I couldn't be more helpful but if the location is bad the owner is going to have to get more motivated or its going to sit unsold for a while, imo.

If I bought it subject to, assuming he has a 5% loan, I could pay $80-$81K and still wholesale it for $5K.But I'm not in your market and my buyers don't buy where you are.As for his asking price, every time a seller tells me what they want, I think about what I want; and that is to wake up and find a brand new high end sports car sitting in the 5 car garage of my 5,000 sq/ft house with a large in-ground swimming pool (I don't really want any of that, but it is just to prove a point).

I've been sitting on the sidelines too long, it's time to contribute!

I've stopped rehab work on it since the city won't give permits to finish the interior back to a 5-unit because of the zoning and the work is going to cost a lot more than anticipated so the property is sitting gutted and just a cash drain.

I'm currently in talks with a homeowner who's property sits on 24 acres - 21 of those acres are undeveloped and used for hunting and fishing (a stocked pond is on the property).I'd appreciate any insight you have based on your experience with the land mentioned in your original post.Thanks,Nikki

Would you rather have your Realtor sitting by to personally answer your calls or be out working? 

.  :-)@Wayne Brooks said ...The chances of you finding a buyer for a higher price than could be gotten off of MLS is slim, unless you have some ignorant buyers.In the last two month I sold five houses wholesale to three rehabbers, one of the rehabbers is the most successful rehabber I know locally, another rehabber that I sold three properties to sits on the board of the local reia group and runs a mentoring program for new people, another is one of my former project managers who is on his own now, he buys all his deals from me. 

I was recently notified that $4500 is sitting in escrow and was never claimed by the contractor who performed the sewer lateral back in 2008.