I agree, a college student buying in your neck of the woods may not be feasible.

Example: Buying a 5 million strip center but being worth 8 million so even with a down payment you are very solid.

There are many determining factors and indicators in this market that will allow you to narrow down a solid price point that is reliable based on market activity - I do it every day for investors, investment companies, and lenders throughout the country that need Metro Atlanta home assessments. 

I highly recommend absorbing as much of these as you can to get a more solid understanding of wholesaling. 

Originally posted by @Jay Hinrichs:@Patrick Connell  works both ways.. with builders here.. they want the least amount up front so their cash needs are minimized on their HML verticle loans.. so they would rather not pay up front and pay full commish on back end.Believe me the top agents that do this have NO worries of these guys stiffing them.. its uber competitive and they know where their bread is buttered With a spec or production builder I can see that being the case, someone like that more than likely has a solid business model in place.

., 2 floor, 3br/2.5baupdated/modern interior paint and white cabinets, likely tied for best appearance in my modest neighborhooddark espresso engineered wood floors, glued down - (bad for a rental?)

I've *visited* some older homes - a couple from around 1900 - but I didn't own them or live in them.The first thing that comes to mind is structural problems, like with the foundation or basic framing.  147 years is a long time for frost, water, wood rot, termites, etc to do their thing. 

@Ron Woods Thanks man.

I'm giving myself the next week or so to sift through this wealth of info to get a solid foundation and begin to get a better idea of what exactly I need supplements for.

Tile is also more traditional in those parts of the country than wood.