Once you have that number (maybe it ends up being $160k, maybe it doesn't), take 70% of it (or maybe even 65% if you're new to the process), then subtract your renovation, holding and closing costs, which will vary based on a number of factors.In your case, let's play it safe and say the the home ultimately sells for $150k. 

I haven't been there but my nephew plays baseball in Chicago.

It really is a hit or miss.I rather not play Russian roulette with so much at stake.The fine print here is that I know NOTHING about auctions and who knows I am way off here.. so wait for others to chime in.However unless you buy that auctioned home I truly don't see a way you can wholesale a house up for auction.Then lastly.. as a general tip on wholesaling... don';t do the shortcuts.Don't go for MLS, don't go for joint ventures,just do it the "hard" way and find off market properties and get them under contract.Get a website.

Payment history, maintenance, property taxes, association dues, and the current market all play a role.3.

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*This link comes directly from our calculators, based on information input by the member who posted.

@Rich Kammer best thing that worked for me was to practice role play and what you are planning to say over the phone and door to door with a seasoned agent.

I bought one last june in the 350K range and it cash flows at $347 a door because it was a 1031 and a large down was in play.

Baltimore in general in most instances isn't on point for any major appreciation plays.

You shouldn't invest right now with the exit strategy of refinancing out a property because it is like playing hot potato.

Just wanted to say thanks to everyone at Bigger Pockets as you guys, and especially your property analysis software tools, played a huge part in getting me to this moment!