Also, you may want to check out your local real estate club - it's a good way to network and find out who they key players are in your area.

That's probably the more realistic comp.I would do the analysis exactly the way MikeOH does above, which indicates that you shouldn't be paying more than $35K for the property (acquisition + rehab costs).

An RE License on YOUR team is they way to Go, IMHO, The key to this is to pound a round peg in a round hole.

Not a gentleman, but..I think that knowing your market like the back of your hand is the key to becoming a successful wholesaler.

I know they can all provide quality leads but I need to build some capital up first.WIth probates timing seems to be key.

I suppose I left out that key bit.

- Etc...If the 50% rule works, that's a good indication of whether the deal will work, but don't stop there...but a bit more thorough just to be sure...

Land records indicate that ~$280K is owed.

Find an agent that works with investors, this part is KEY.

@Angelo Caruso make sure you have some cash reserves or access to emergency funds as @Amanda G. indicated.