Mine has been empty 3 out of 8 years -tough business in tough times.

These may be your treasure maps to find goldmines.

With sellers debating sell for Cash vs. hold out since their hunks of junk are "a goldmine", how can a new wholesaler know what a truly fair but profitable offer is?

I've never found any gold here in California so I guess nobody can find any right?!

I got a loan from them last year 5/1 ARM at 4.875% with 40% down (depending on the state you can get a loan at 30% down, mine was AZ).

A colleague of mine retired as Maintenance manager from an Industrial complex & was bored.He also owned a large warehouse that was bleeding him dry with transient tenants so we all sat around one night tossing out ideas & he decide to approach a couple of the local community colleges.

I still mine MLS everyday, but I'm not getting deals from their despite trying.

Being an entrepreneur is a dream of mine and a Real Estate is a part of that dream.

In my case this canyon area used to be a mining town so small lots were sold off in the late 1800 to early 1900's.

You may find that it might make sense to save up some more cash to have a healthy buffer given your 'day job' Mine is not dissimilar with high monthly expenses and see-sawing revenues.Truthfully, if I might suggest, you want to start analysing some potential deals.