First of all, basic math, 10% of $10M isn't $100K, its $1 million.

Dave, these numbers are entirely made up, but I appreciate your working through the math with me. 

I have run some of the math, and my estimates are that the house could be renovated into livable condition for less than $7000, not including splitting the bedrooms.  

We are willing to rehab and then rent and would actually gravitate to those that will provide some equity as long as the math works. 

The math works on a 300k home, but try that math on a 30k rental and ask yourself how much you would do for that..

I will calculate 10% approximately the cost to resell the house once I buy it on seller financing, my reasoning for this is it's going to cost 6% for the agents commission, 2% closing cost, and 2% for ancillary costs to re sellSo here are the pieces of the puzzle: 10% costs to resell or 80,000+10% rehab which is 80,000, + 8000 for interest  +25,000 for my fee to do the joint venture with the seller.If you do this math, you're going to find that the seller is going to go to much more money than the wholesaling offer.And we as real estate investors avoid banks and make $25,000 income to "help with seller with a house that's  really hard to sell"@Bronson Kane

But if you follow my math: I was able to get more cash out than I initially put in!!!!!

Explain what happened in the deal, or what you may have missed during the "flip math" and more! 

The math I posted in my quote shows you how it's very low. 5.7% on average for rent increases is just a hair over historical average growth for rent.

That math might be different, and if the seller backs out at the last minute you will be pissed that you just spent all that money to fix someone else's roof.