With a purchase price of $220,000 and minimal renovation costs of $1,500, the property promised a substantial return with a sale price of $245,000.

It cost 200 per year for a million dollars coverage above and beyond your regular insurance.

There are a few Categories that I have broken into their own calculations considering there may be cost savings depending on strategy employed.

What’s the typical cost for a dumpster?

When I look at the comparables over the last 3 months the average sale price is about $235 per square foot, which would put me only at a resale value of $495,000 ...not worth it.However, there are comps from January of 2022 through July of 2022 that strongly support $300 per square foot putting the resale price of the house at $630,000... totally worth it.My real estate agent, that I've  worked closely with for the last 4 years and have probably done about 15 deals with, ensures me she will definitely get $595,000 minimum for this property, and if I knew that for sure I would do the deal.

Each deal you close as a wholesaler is a plank that helps you construct a bridge toward greater investment opportunities.Wholesaling: The initial planks.

Here's a very small pros and cons list I've made for the area:Pros:Potential for Appreciation: Rapid growth and development can lead to property value increases.Stable Rental Demand: Proximity to Raleigh and economic opportunities ensure a steady stream of potential renters.Desirable Location: Good schools, amenities, and quality of life attract families and professionals.Cons:Market Competition: Increased demand can lead to higher property prices and competition among buyers.Out-of-State Management: Managing a property remotely can be challenging without a trustworthy local team.Economic Dependence: The area’s growth is closely tied to the economic health of Raleigh and the Research Triangle.

Recently, I managed a home renovation project where the contractors were paid at closing, which significantly boosted the sales price.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!