@Jack Calhoun There are a few "rules of thumb" but ultimately, you'll need to do a full underwriting on a property before you actually put in an offer.I would suggest finding a good property analyzer spreadsheet and getting enough practice that you can quickly do an initial analysis within 30 mins or so.Some things to look for in a property analyzer: Allow for separate entry and exit cap-rateMin 5 year forecastinput for rent/expense growth on each yearincludes rehab and capex costsincludes debt service and financing costsincludes acquisition and disposition costsProvided IRR for planned exitHonestly, there's a ton more bells and whistles you could add, but I would consider that the baseline if you're talking about deals that size.Hope that helps!

Now I don't initiate any type of introduction. 

Your net return is 2.3% based on your initial cost basis.

Would I split the initial wholesale fee difference between the $55k & $70k?

I have a lease coming up due and the lease agreement has 2 people (not related to one another) on the lease with an initial security deposit of $1000.

However, even though you are keeping the initial property, that CF from that property will go down.

My initial thought is can't we manage with couple of window AC units.

Initially the PP was 310k on open door.

I recently sold my CA home, with the initial accepted offer being 7% over asking, with all contingencies removed from the outset.

Everything in the home is fully upgraded with the past 4 years (plumbing, electrical, roof, foundation waterproofing/draining, new municipal sewer and water connection, etc.)We could expect about $5,000 yearly residual initially until paid off and then we could expect rent of around $825 and rising from that point forward.