Then I'm told by architects that duplexes are built to a different standard than three plexes, like requiring fire escapes, which by appearances change the nature of the neighborhood, often generating opposition.

Basically that is just the information that pertains to the profit and loss of the property.

Meaning, quantify how much money you will need in 2 years to live off, then see how you can generate that money and which activities can get you there and see what you need to do.

I ended up bringing generators to the cathedral in Old San Juan and they knew exactly who needed them!

I hear a lot of wholesalers using assignment on their deals and it seems to be the most profitable route.

Our desire is not just to generate profit; we want to provide beautiful homes to first-time homebuyers and help improve the aesthetics of the community.My background: I grew up in La Grange (where my parents still live), but I have spent the last decade away from the Bluegrass State (and bourbon country) while serving as an Army officer.

Remember, in order to wholesale, an investor needs to get it cheap enough to be able to make a profit in between and still sell it cheap enough to be a deal for the next guy. 

A Profit Loss statement is nice, but I'd like to get more detailed.

If you buy a property for $7K does the cost of repairs it needs make it worth doing, meaning: can a neighborhood where properties go for $7K also have comps to support the value for a finished house that's priced at an amount that makes you any profit?

If you think you'll make a good profit from the deal, maybe ask other wholesalers in your market to provide the 2k and then you guys split the profit.