Certainly depends on your state.... it appears difficult to wholesale here in Ohio for legal reasons that are beyond me so I suppose my perspective comes from that.

I didn't do too much research on them, just a quick internet search but that's a solid rental area and those houses look solid (literally, all brick is nice).

(Depending where)

@Jane Guerreso It will really depend on the payment system your landlord is using.

Depending on your market, if it is hot and there are many investors looking to buy up homes cash is the way to go.

Depends on your strategy and ultimate goal.

I understand that that formula is a base line and you can between 60% - 80% depending on the property.

The legal advice I was given is consistent with pretty much anything you find about the subject on the Internet.

neither are very accurate... you need to have a list of comparable homes that sold in the area that match  the house you are looking at  in lot size ,sq feet,  bed ,bath, outside finish etc  and some time houses even a few blocks away don't match because  they are over the tracks or a hwy or something that makes them a different neighborhood... you need to find a way to get actual sale prices of homes sold in the area and a way  eg feet on the ground to tell you if they are fair comparables.. your offers  and your profits depend on accurate comparables so you can judge  what you are doing... just my thoughts

Rent, I didn't do comps because I'm not home but seems about right depending on part of Nutley.