Finally, I told him to take what he wanted, give me the keys, and leave.

You need to ask yourself "Wholesaling is your final point in real estate or just first?

Just a math problem/dilemma...Moving in can't be done for a few reasons; the home is in a different city 55 miles away, it is occupied with good tenants who have been there for 5 years, and finally being a single guy I don't need to live in a 5 bedroom 3800 square foot house!

You can have no competition and fail in market analysis and make bad deals or investments.

Finally, would it make any sense to rent something for myself and use the money to purchase a different place to rent out instead?

When we finally sold 15 months later, comps supported a much lower price.

I'm doing the due diligence, I'm doing the deal analysis.

I've been in professional training for over 17 years so I would love to work with ANY guru RE education group to do a real academic, statistical analysis on their materials and how to measure success.

At 5 years you subtract 250K from $19,500 (12K at 5 years ($2400 a year in our math above) and $7,500 NRF to offer a final adjusted selling price of $230,500.Hope this makes sense and helps.Regards,John

I know, I know, that is not a part of the numbers technically but it is worth noting.I am sure there will be hiccups along the way and I expect them but I am proud that I jumped in and didnt get stuck in "analysis paralysis."