I received an original appraisal for 95K on prop I payed 72900 on, so I was excited about the deal. 2 weeks later I received another appraisal from the same company, dated the same as the original, but now for...you guessed it, 72900.

The other is no better than a SWAG (scientific wild *** guess.)  

I guess if two investor contribute $100k for a 10% ownership ,that means only $200K is need it on this deal?

Can you guess what?

My assumptions - My projections for what I can get for sales price and monthly rent are only my best guess looking at other properties.

Insurance, I'm not sure, but I'm guessing $3K/yr.

But I guess really I'd need to know what your market is doing and what type of wholesaling you are wanting to get into.

I guess my question is, what's too far geographically from my residence to buy investment properties and still have some sort of life?

Im guessing that was added in mine over 100 years after the home was constructed.While this property has a lot going against it...it probably has zero chance of appreciation....if you could get it for close to $20k, and have $10k into repairs, and get the rents up to $1200...then you should be looking at a property that hits 4%.

Until then, I guess they keep us in business and vacancy free.