All in all in that price range it looks even.J, the question is whether being a partner in a buy and hold deal would be beneficial to you, and if so what would it take to make it worthwhile.

So, while your profit is capped, it's possible to wholesale quickly.As to your second question, there are several ways to make wholesaling off the MLS worthwhile:1.

1) ALWAYS get a detailed application. 2) Ask for references - landlord, personal and work related 3) Have THEM provide a current credit report - in my state that is legal - this way you create at least a "semi weeding-out" process right there.

Give them a detailed packet on why the price is justified (comps, pictures of comps, map of comps, etc).

I know there's tons of info on the boards, but if I grab a few details here and there, I'm afraid I'd miss something important.

Of course its more complex than this, so you and your CPA will need to sort out the details item by item.

So while i thank you for your intentions im going to ignore your advice and do something worthwhile.

If you've been trying for a while, it may be worthwhile to jump the offer up if it still makes sense to your bottom line.

Yea here's one of my rental numbers, which was bought last June.Purchase:26,000rehab:5,000Taxes:1500/yearInsurance:500/yearrented:908/month section 8 tenant build:1986Sqft:1260The rehab was give or take around $5,000 but this is because for Section 8 the inspection is very detailed and had to make some fixes to get it to government standards.

It's probably worth while sitting down with a designer of some sorts that can look at what's existing.