@Paul Azad weather the juice is worth the squeeze depends on the specific deal and details.

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SHE DOES NOT OWN THE LAND AND PAYS LOT RENT, It is in an HOA, she needs a 1000 down, owes 50k on the mortgage.

Also in your area that is a little rural if its well and septic makes sure those are checked by professionalsif it has city sewer make sure you do a sewer scope on the line running to the street.. and of course make sure roof is good etc etc.and for sure you can offer what you want to pay.. they may not accept it but its up to you.also ask title company to give you current owner.. and if you want simply make a back up offer in cases the wholesaler cant close this happens a lot and you get a better deal. 

Depending on your target market, you'll still be able to find some good deals (depending on your strategy).

On the 2nd I hired all licensed trades but separately.

Don’t feel stuck, assuming equity increases and depending on your future loan to value, you can always refinance and other options.

Does anyone have any actual data on this? 

Katie,I saw @Dan Gandee reply to you on this chain. 

Who is the “lender” on your note and mortgage?