If the walls are painted back and ceiling pink, they do not care as long as the paint is not pealing.

Then again, Floyd Mayweather is worth about $400 million and he can barely read so maybe it's not that important after all.  

Do you mean 15% COCR is a) the bare minimum that you need to even consider a property, b) a good working number that if you can hit, you'll feel pretty solid about it, or c) that's your "ideal" figure that you shoot for and may only hit once or twice in a lifetime, but it's an ideal number so if you fall short of it then it's not too much of a problem?

They would simply buy a house, higher a contractor, and pay the money to fix it up and live in it, but because we are selling a $185,000 home to a customer that can barely get approved for a conventional FHA loan they will not have the resources to get approved for a distressed property and pay an additional $25,000 cash for rehab.

Fixing screw pops, patching holes, caulking here and there, color changes from pink and lime semigloss to a neutral color, and cleaning filthy walls down.

The kitchen faucet barely flows.Hot water does not flow on any of the faucets or showers, the hot water heater filled up, turned on, and heated up.  

@Eliot Adkinsfrom what I remember most off campus housing at OSU was so deplorable, unsafe and the rents so high that parents would do anything to get kids into new nice buildings and out of the old buildings barely standing with on street parking on the border of the crime ridden ghetto neighborhoods.

I actually have have more than one question, so please bare with me.

Even at the price point you mentioned, this would barely cover down payment and closing costs. 

He decided that instead of waiting for a rehab, (and I couldn't bare to actually sell this cash machine), he was satisfied with a hefty cash wholesalers fee.2014 - Bought 140 Windy Hill Pl duplex for $47k, Rehabbed.