I don’t think you are experienced enough yet to purchase an old home from a wholesaler without strong knowledge of house construction, materials, and knowledge of what “issues” to look for.

Sure it's nice to pull up my brokerage account, see them cute green arrows, and listen to talking heads shout "Strong Buy!"

Perhaps a bridge lender would be more inclined to finance as long as you had a strong business plan. 

You manage the property for her, it's a long-term commitment, and what goes wrong with the deal is ALL ON YOU.Just ask yourself what could go wrong and how you'll be forced to resolve it to maintain a strong relationship with your MIL.

Depending on how strong your contract is, you could potentially take legal action against them for breach of contract if they sign with someone else and/or back out, but that is costly and takes a lot of time.

I'm not sure if the best practice for that is to just have a partner go visit, to build a really strong and trustworthy team, or if it's just crazy altogether.  

Still strong numbers (in the mid 20%!)

I do not have strong knowledge on these subjects, and was never taught about them from family, or school.

We offered above asking price with strong earnest money on the same day it hit the market.

.#3 Contact Local Contractors for Labor Pricing / Hire a GC to ConsultCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.You can also pay a General Contractor a consulting fee of a couple of hundred dollars (per house) to walkthrough a few properties with you and provide a detailed estimate of prices that you can use as your 'menu for future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.