Many areas have home stead exemptions that can significantly lower the rate. so what current owner is paying may not be what you will be paying.Also what is the valuation the taxes were figured against compared to new sales price. those taxes could raise significantlyYour insure estimate would be extremely low compared to my area in Georgia.

Figure out what the house would sell for on the open market.

Unfortunately you will have to figure this out on your own by analyzing quite a few properties before making any offers. 

I figured I would go for it, worst case scenario the wholesaler hates me.

My original plan was to rehab and flip it however my realtor found a buyer AS IS for roughly the same profit I’d get if I rehabbed it.

Metro hasn't even figured out the whole STR thing themselves.

Took a while to figure out.I asked him about the second one, which he had no concerns over, and it turned out to be a trap that not many would catch. 

The best tip I have:  drive for dollars around each pre foreclosure house, door knock the rough looking houses around these houses. 

I am looking to move and get started as soon as possible, and figured that with a resource like Bigger Pockets I should utilize it. 

What equation do I need to use to figure this into my offer?