However, I am thinking of adjusting my target market to get a little more bang for my buck.

That makes it much easier to calculate.

This actually happens frequently but the opportunity will be proportional to the amount of experience you have (i.e. how many properties you’ve flipped) and how long you’ve been doing this (i.e. how many contacts you’ve developed over the years).Lightening could always strike, but the chances that any experienced lender will loan 100% of the purchase and rehab to someone who’s never done this before are pretty much zero.If you happened to find a really killer deal, it would be easier and safer for you to find an experienced money partner.

Also, does anyone have any advice about areas in Phoenix to target or stay away from based on their experience.Thanks,Kirk

If the stars all align, you may get it to work.It would be a lot easier if you had your brokers license and could just get a commission....

I have a plan, to save the 20% down + reserves, for my price target by June 2014.

It makes getting financing much easier, and gives you the some margin so that you can be patient and really find the right deals.Good luck!

Calculating ROI from rehab is much easier than building a full pro-forma (which should include your taxes, as those are regular and repeating expenses).

I'm just trying to get a feel for what wholesales I should be targeting to market to investors

The problem is that hard money is easier to get than conventional financing and can draw you in.