See here:  https://www.neworleansreia.com/Also check out these posts on BP: The Ultimate Beginner’s Guide to Real Estate WholesalingThe Definitive Guide to Real Estate WholesalingA 60-Day Action Guide to Wholesaling Your First PropertyThe Newbie’s Guide to Wholesaling in 7 Simple StepsThe 8 Most Common Lies Newbies Believe About WholesalingCheck out these books:If You Can't Wholesale After This: I've Got Nothing For YouThe Real Estate Wholesaling Bible: The Fastest, Easiest Way to Get Started in Real Estate InvestingThe Art Of Wholesaling Properties: How to Buy and Sell Real Estate without Cash or CreditEverything Wholesaling: The Ultimate Guide to Wholesaling Real Estate

Although it is a great option to purchase and fund your rehab all while having a low down payment, I ultimately decided against it.

I want to ultimately do Rental Property Investing, but use Wholesaling to start off and build funds.

I know this is an older post but I wanted say a few things...Yes- there is an actual town called Niceville....it is wonderful.I am a real estate agent here and former financial planner turned investor after realizing that 7-8% on a good year was not enough in the stock market.Let me know if you haven't found a favorite- perhaps we can help each other.

Ultimately, we want to own rental properties, and get into flipping (the right deals of course).

But even if I do that, by the formula you broke it is only about $48 a month, so ultimately not worth it unless I try to charge more in rent.Your formula is Cashflow = total revenue - rent, but you plugged in 540 for rent instead of 840.

I was explained to by the agent, and it sounds like, this next form ultimately wipes out the “First Look” advantage to non-investors.

Then the second contractor never confirmed, and ultimately didn't show up to the walk-through. 

I would look at up-and-coming areas, recently, or soon-to-be completed construction projects (road, rail, infrastructure, etc..) that have not been realized in property value yet.. 

So does the pay roll.If you do the math, and you bother to allocate proper $ amounts to all of the line-items, you should realize that $500 is just not enough to cover all of the bases.