Residential property on a street with similar lot sizes. 

Depending on the size of the deal that wholesale fee may be nice enough to just cut and run and play in your own backyard like Steve said.

MartinMy dad started in the land business in the Santa cruz mountains  Loch Lomond area in 1964.. bay area folks were buying lots for weekend homes.. ton of land in those hills. and if your lucky enough to score a mid size acreage with redwood you could log it as well and make a bunch.

Depending on the size of the building we would propose 5% to 7% of the monthly rent. 

We are a decent sized wholesale group in a few markets in Florida.

Concrete:  $75 a yard installedBrick:  $.50 per brick installedpainting:  $100-150 a room with trimexterior painting: $1800-$2500new hvac : $2300new window:  $100-$150 for standard sizes x 2 for installdrywall : $12-$18 a sheet finished (depends on finish level and size of sheets)tile: $5 a square foot installed (add material cost of between $2 and $10)basic stainless appliance package : $2500hardwood $2 a sq. foot installed $1 a sq foot to refinish (add material cost of $2 to $10)plumbing:  $100 per fixture to install and $100 per fixture rough-inelectrical: priced per outlet and per fixture for both rough-in and installTotal rewire of house:  $3K-$6Kupgrade electrical service:  $800Total replumb of house with pex (no slab): $2K - $5K10x10 set of cabinets no frills:  $2500, about 1 day for a capenter to installcountertops: $1500-2000new roof:  $5K (metal including materials)deck:  $2K-$5Kbulldozer/bocat:  $80 an hourdumptruck:  $1.50 per mileCarpenter:  $35 an hour low end + $10-$15 an hour for helpers. 2 carpenters can frame an entire house in less than a week.  

Do check the county property appraiser site to be sure their info. on structure/size matches to what's there.

Its a 4 unit, so I suppose I'll be looking at comps all day to see how it sizes up. 

The track season short term rentals and constant demand from people employed at the Navy training facility could make it work well for buy & hold. 

When you're self employed it's WAY more difficult to get a loan approved and I think you have to prove income as being self employed for 2 years.