Now that I think of it, another limiting factor to this would be the veterans DTI, correct?

When using the wholesale equation: Max Offer = (ARV*75%) - Repairs, should I also factor in holding costs, transfer costs, closing costs, marketing Ect?

I understand that capital, experience, net worth, and liquidity are all factors for securing investors and financing.

So shouldn't the total ROI be somewhere in the results factoring in the built in equity at purchase of $40K?

That needs to be factored in with the amount of consideration given for the option by the TB.Whether you stay on and manage it as a rental or not depends on whether you are assigning or sandwiching.  

-Incredible reputation with local investors, with lots of work done through referrals... and a reputation for integrity, tenacity, and professionalism.  

Most of us factor 8% to 10% on vacancy.  

As a real estate investor, what are the key factors that drive the rental markets?

What are some of the key factors do as a real estate investor look for in an agent

Location is one of the biggest factors.