@West Wiggins, thank you! 

I would do whatever would produce me more money.So do the formula ARV-immediate repairs*70= Asking price.Take your asking price and minus the sellers asking price(how much you would get if you wholesaled it)Compare that number to how much you would make if you decided to flip the home.Thats how I would go about doing itSample:Take the comps( 3 homes within .6 miles from your potential home that resemble you potential home in BD BA and SQFT)130k 101 west yellow st150k 222 blue ave140k 254 orange rdSay those three fit the criteriaAdd them up and divide by 3That is your ARVfor the sample the ARV=140kThen have a contractor come look at the property to determine what repairs need to be done to the home say that your repairs needed are 7,900 kTake your numbers 140k-7,900*.7=92,400 92,400 is the max that your offer could be.Say the seller wants 60k your wholesale fee could be 32k-clsoing cost ectOn the other hand what if you want to fix and flip it.

WE don't deal with a lot of termites out here on the west coast at least in real big way ..

The west side of the metro seems to have the best combination of growth, value, and long-range desirability.  

Background: I have been investing in Louisville Kentucky (south and west) for a few years. 

I mean I see that all the time in the mid west on deals we do or others do.. you need a night watchman lest your house get stripped..  

I was only speaking to my market here in West Michigan.

West Jordan, Taylorsville, West Valley maybe?

You could go 5 blocks west, same neighborhood/values....go 2 blocks east, different neighborhood with values 40% higher/lower.  

On the west side of Troost, you will see properties worth $150k+, less crime (crimereports.com), more community assets, etc.