So, if you dealt with with sending out 1000 post cards, handled 50 calls, visited 10 other prospective properties and spent a total of, say, 270 hours over this same period directly doing wholesaling work then your hourly rate is $25.60 an hour.

My father died in 2007, and after a 2 year transition period, my mother now handles all aspects of the business.Why am I here?

If you start to do a number of deals over a single year period than it becomes a question that's worth considering.

I am in a waiting period for subdivision anyway so its really no hold up.

You aren't searching for comps to your subject as much as you are to see the differences in prices compared to other sales that sold in that time period.

That said, 85% in the first 30 days of the investor period is probably about right.

There was a substantial drop in the 2007-2009 period and I know a guy who lost over 200k on his personal residence.

Some locations have rules that state if a property is not used for it's non-conforming use for a period of time it becomes illegal.

A red flag popped up when during my due diligence period, I found there was theft involved and lost of rent that was not disclosed in a prior month.

He might also be interested in doing loans for a longer period of 10-15 years for buy and holds in my SDIRA that are not eligible for traditional non-recourse loans.Part of his interest stems from the potential of getting 3-4 times his current returns for what he sees as a relatively low risk.