$500,000In reality, there are so many variables to your question that no one can give you a true answer.  

The reality you don’t hear about is all the other things that also get sacrificed.

You asked some hard questions that I have not asked myself when I call myself setting out to become a REI wholesaler I realized just how amateurish that is and the reality is anyone, especially REI newcomers who plan to be successful in closing morally sound deals need to be asking ourselves the hard questions and preparing to deliver greatness to those we serve! 

Then it was the reality check when we didnt get any offers, and low number of buyers during open house. so she suggested to lower the price.

Account Closed  absolutely not true I have bought many from these guys at HUGE discounts.In reality though if its a POS and not worth anything it could be a tough one..

As much as I would love to fix and flip homes, the reality must be assessed.

There really is no way around that from a reality perspective but you can apply an multifamily approach to 10,20, 30, 100 SFRs to mitigate those risks and negatives.  

In all reality I probably should just find a new agent who isn't skilled in sfr only and get someone who works more with real estate investors.

Hi @Debra Mittleman,1: No2: Yes3: Most likelyIn reality you MAY have been able to get away with telling her to use her renters insurance or some such.

The problem is that this site is filled with ALOT of new investors trying to learn the business and not lose their shorts and when seasoned investors describe their deals in that fashion it not only gives misinformation and a false reality of how a deal works, but could also potentially drive a young investor who is anxious to buy their first deal into a losing situation.