Our goal is to list it for $75K and split the profits 3 ways.

Then you split the profits. 

Its all about running your numbers.It sounds like your long-term goal is to have a large portfolio of rentals.Therefore, if the ARV of a property will generate a strong profit for you and the cash flow isn't great (or you can use your profits to purchase another property with better cash flow), sell it.If a property generates great cash flow for you, keep it.

I put together a list of properties that I intend to send letters to and just need help with the wholesaling process i.e contract, process etc.Totally willing to give away any profit on the first few deals to someone who is willing to walk me through the process/teach. 

I plan on putting this on the market for 15-18k which could be a potential 10,700-13,700 dollar profit!

I found out right in time that my neighbor would like to sell their property, as of the moment it would be an off market deal.Just looking for input on if I should proceed forward in pursuing the property..Asking Price $350,000Built: 1912Rents: under-market at1BD 1B $8002BD 1B $10002BD 1B $1050Potential rents are $1000 for the 1bd and $1350-$1600 for the 2bd's.

It would be very profitable for a business person (couple) just not the current owner who isn’t very business smart.

The sweet spot is the 50k where you are getting good leads who are not gouging the profits. 10% of the time I see 25k buy ins.

How much of that 70% is going towards my profit ?

I track: mail pieces sent, cost per mail piece, cost per total lead, cost per seller lead, response rate/seller response rate, revenue/profit.