I have been listing to the podcasts and have purchased some books and have been learning about real estate for a couple of months now. 

I don't see how you can go wrong on this deal with the numbers you've listed.

One of the pros in this field will hopefully chime in with that list.

What to Look for in a Real Estate AgentWhen buying a home, you want a real estate agent who… Takes the time to understand your needs and goals, so you have a true partner in your home buying journey.Explains everything clearly and answers your questions, so you’re never in the dark.Has expertise and a track record of success in the local market.Knows how to find great properties in your price range.Will alert you to new listings, quickly, so you get the jump on those opportunities.Will advise you on the best price to offer for the home you want.Will prepare and present the offer, and skillfully negotiate such things as price, conditions, closing dates, etc. so you get the best deal.Will save you potentially thousands of dollars by ensuring you don’t overpay for the property you want.Will recommend reputable home inspectors, movers and other professionals you may need.Not every real estate agent offers all of these services.

My wife and I are trying to brainstorm creative list ideas to generate leads to wholesale and hold as rentals. 

Unlike most organizations, I believe in keeping the historic look of the neighborhood, and revitalizing the homes, while allowing them to keep their rustic charm.According to the article the amount of sold listings has more than doubled since 2015 and home prices have increased from $113,000 to $143,000 in the last six monthsAlthough the neighborhood may not be quick returns, there is definitely long term potential in the Barrio Hollywood Neighborhood and we look forward to further investments in this community.  

The insurance policy must also list the seller as a payee, just like a bank loan.

- you make 50% of the net profit - that is net less advertising or expensive - so if the expenses are $1,000 you would make $9,500.00 and I would make the same.The expenses are usually the cost of advertising the property for sale.So............... it you are ready to begin creating leads - this is what I suggest you do ---Farm neighborhoods to look for FSBO's, send me as many expired listings as you can in the neighborhoods where we are going to invest, Go to housing court 2-3 times a week to listen to the cases and meet landlords after their case is called, run some ads in the local papers (I will design the ad for you), get me a list of all the local auctioneers in the community, put flyers on super market bulletin boards, ask 5 people a day if they know of anyone interested in selling their real estate.Look for commercial and business real estate for sale - get me all that information and we'll make a call to get information and make them an offer (you present the offer for us)Later in the "Mentor - Apprentice relationship we will advertise on radio.Any questions?

I've looked through what appeared to be good deals on the MLS only to find crumbling wet 100 yo concrete made from what appeared to sandstone or gypsum or some such garbage lining what would be listed as an unfinished basement.

It's listed as a 2/2 on .18 of an acre or 7900sqft and they comp in the area for around 250k.