I'm sure the range will vary.

Always be respectful, keep your head up and your ears open.  

In many respects, a good wholesaler isn't all that different from a traditional REALTOR (pretty sure I have to capitalize the word since I am one!)

What is a comfortable price range to purchase a house for a flip to avoid these issues.Thanks!

@Jabbar Thomas Dude this is awesome for two reasons: one you aren't afraid to share bad news, which I respect, and two every great real estate investors makes these mistakes.

It currently rents for $850, which is under market for this neighborhood (market is probably $950).With taxes, insurance, debt service, management expenses, 10% for maintenance, 10% for capital expenditures, and 10% figured in for vacancy, I'm calculating a current cash flow of $90 / month based on the $850 rent.I know that's not stellar, but here's why I like it:The neighborhood is one of those neighborhoods I really believe in -- it is minutes to downtown, and central to major redevelopment and transit projects in my city (Atlanta), and it may just be one of these hot neighborhoods that becomes one of the great places to live.Right now, this is the cheapest on-market property in the neighborhood -- the closest comps are in the 85-95K range, and several flips (not comps, but nicer houses on the same block) have sold in the $200K range in the past month.

Especially on the north side of Atlanta, it seems like the places I would live in are out my price range.

Here in Denver for smaller units (1000-1400sf) we are all in (Hard & Soft costs) in the $180-$200/sf range.

Especially on the north side of Atlanta, it seems like the places I would live in are out my price range (with a mortgage).So I feel like I can go a couple of different directions.1.

I respect my elders and their advice, however, make sure that the advice you decide to follow fits with your current economic environment and not your parents' or grandparents.