Next to comps and rents you wrote "supposedly"... this information must be accurate in order to analyse a deal.2.

If there was a huge spread in the deal, I could see myself doing it without the end buyer, but I would have to be made very confident that the numbers were all accurate.

If I recall the 1970's accurately we got high inflation in commodities first followed by real estate.Anybody have any better recollections?

Last tax assessment was $309k, but we know how accurate those are.

SUCCESSFULLY market to desperate (I like the term motivated better but desperate is accurate) sellers to achieve GREAT purchase prices.You are not going to wholesale something unless you are selling it at a GREAT price.

If all of the numbers are accurate and there is not a lot of deferred maintenance, this could be a good deal for you.Chris

Accurate comps are crucial.

If your numbers are accurate ($110K to purchase and $100K to rehab), and assuming fixed costs of about $40K (to cover closing costs, commissions, concessions, holding costs, etc), you're looking at about 25% ROI (assuming cash purchase and rehab), and if you can get this bought, fixed and sold in 6 months, that's an annualized ROI of 50%.That's a reasonable return for a larger project.

It won't be accurate for a particular property in a particular month or even a year.

On your rental property, is the 50% rule accurate?