Scott's books on flipping and estimating rehab costs are also great sources of info.As far as wholesaling is concerned, Find out: Your target area; ALL costs of a mail campaign (list, letters, postcards, necessary office supplies, postage, etc); budget for 6 months-1year of mailings; develop scripts for prospective sellers (what to say to them); learn to track responses, follow-ups, conversion rates, overall campaign effectiveness, etc.Build your team; title company, RE attorney, cash buyers, closing agents, etc.Feel free to reach out if you need any info.

We only used it once the past year, so, I believe that we will just budget for any repairs and say NO to the renewal.  

But, I will warn you, if you go the wholesaling route be prepared to market like a mad man and set aside an actual marketing budget.

You will have to manage the construction budget with a microscope but there is a larger upside potential.  

If you were only expecting $800/month in rent, the absolute numbers are not as high (but your rent as a percentage of purchase price is likely higher in a cheaper market), so those investors can essentially afford to budget for such high percentages, because the absolute value will be substantially lower than if you tried to do that on a unit renting for $1500/month.It's just a thought I've had (and heard, I think); I have not actually sat down and really crunched different markets yet to prove it.Also, if I was househacking, I would probably handle the lawn/snow and other such things. 

I am not sure where is a better market, my budget price is around 500k or less.

Sure it's more than laminate, but one hot pan/pot on the laminate and you might be replacing it quick.I can't see the photos on my phone, but if you upgrade anything that will take abuse, and the HVAC, windows and roof are in good shape, you might be able to renovate in that $15k budget.

It's a 1,750.00 test so that kinda hurts the budget a little bit.

I have a minimalist budget $10k. 

Klamath Falls, OR 97603Asking Price: 39,990Est ARV: 95,000Down Payment: 9,975Renovation budget: 25,000 (probably too low, lots of sweat equity)Expenses (monthly):Mortgage: 151.63Property Taxes: 97.25Insurance: 16.67Property Management: 80Vacancy Rate: 40Capex: 80Results:Total expenses: 465.54Net Monthly Income: 334.46Annual Income: 4,013Gross Yield: 24.06%COC: 10.97%Exceeds the 1% rule