Most of the western county, behind the view properties, is ripe for gentrification. 

The 50% guideline would give you about $575 in monthly profit - if you have to pay most of that towards the loan it could make things a little tight.Did you screen the tenants?

Currently, I have to open my browser to view and respond to messages.

Increasing my marketing efforts will result in the need for more everything but I will really need help screening callers.

If there is an argument(close by comp) for his house being worth asking price, I think the likelihood of a deal is very low.BTW since the upgrades were done 6 years ago - they only are worth about 75%(or less) of the original value from a depreciation point of view. 

Also, will I be allowed to go view the property before making a bid? 

Good morning guys!Hope all is well! In a couple of hours, I will taking a walk through my first property, and really have a two part question:1. What kind of repairs would be considered red flags for wholesaling prope...

Also, try to screen people on the phone, try your hardest to get tenants on the phone.

This is what I envision:Step 1: Find Property worth buyingStep 2: get financing for said project and do rehab to create equity ( 3 year term)Step 3: Find tenants that want to do a "rent to own" situation on a 2 year lease termStep 4: screen tenants and collect "money down/option payment" (somewhere in the realm of $5,000 and negotiate purchase price and get contract signed.Step 5: Hold the note for the 2 years and collect rent payments until tenant is ready to exercise, if they don't then sell the property for the appreciated value straight up and collect the equity.does this sound like a valid strategy, and if so can anyone provide me any insights into any potential pitfalls?  

Some/many will disagree but I think it's a short-term view - but trust me, if you start getting on bank's blacklists you may never get off of them.