And even for all those "hate to leave equity lay" folks  keeping the asset a few more months equates to a 16% or so return on that equity in exchange for a little patience.  

Then if he is doing a good job transition yourself out of the equation.  

You have to mentally accept, if you go this route, if you want a deal, you are likely looking at renovating.If I were in your shoes, I'd take myself mentally out of the equation, and look at the numbers-- where can I buy a house, or a multi-family house and make the most?    

You are going to have a hard time getting $300 in monthly cash flow if your calculating vacancy and repairs into your equation. 

The part of the equation you're missing is the possibility of a sorry agent. 

You will find a lot of bad wholesalers - meaning over-inflated ARV, and under estimated rehab - but every now and then you will come across some good wholesalers, who understand how to be a good wholesaler (the non-greedy ones, making sure everyone in the equation makes money). 

Why aren't you factoring in cashflow to the equation?

high quality work will always not equate to a competitive price, especially if you only have 1 day of work, well, maybe half day.

There is a valuable perspective gained from understand both sides of the equation.

They will seek the value I provide, as that is my role in the equation.