Don't skip the process in vetting this person, and be sure you can deliver; if not, he will play the "blame game."

It is a waste of your realtor's time not to mention playing with the sellers as you aren't going to buy all of the properties.

Playing the social justice crap of roommate meetings to talk about stuff that doesn't matter makes me think this person is likely to try to play games.You might try to be helpful and do some searching for/with them, print out listings that are in the price range as what she is paying you, etc. 

Playing the long game in a stable market is smart.

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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@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.