My gut has been since day one that this listing broker has his own buyer and is trying to cut my offer from being seen.Proof of funds for the 25% down payment  (this is common, I'm ok obviously with this one)More details on the expected debt structure and what lender the buyer would useMore details on the business model of the investor—things like capex budget, rent growth assumptions, tax adjustment and any other expense variations, etc.Broker references from brokers that represented sellers that XXXXXX Investment Group bought deals from in Ohio and/or texas.In addition, when we have requested a tour:   Principal of investment group must personally tour the property prior to offer, not a representative of the principal, even if it's someone from the group. 

Is the kitchen budget to redo the cabinets? 

"Unfortunately we have confirmed that we have no investor that will approve a condo with a budget holding reserves of less than 10%.

I got my friend's building complete on time and on budget about a year ago, and then completed a couple tenant improvements for him.I thought I would have an advantage starting my own business up here because I felt the customer service, quality of work, and attention to safety of the contractor's here was below what I was used to.  

Scott's books on flipping and estimating rehab costs are also great sources of info.As far as wholesaling is concerned, Find out: Your target area; ALL costs of a mail campaign (list, letters, postcards, necessary office supplies, postage, etc); budget for 6 months-1year of mailings; develop scripts for prospective sellers (what to say to them); learn to track responses, follow-ups, conversion rates, overall campaign effectiveness, etc.Build your team; title company, RE attorney, cash buyers, closing agents, etc.Feel free to reach out if you need any info.

We only used it once the past year, so, I believe that we will just budget for any repairs and say NO to the renewal.  

But, I will warn you, if you go the wholesaling route be prepared to market like a mad man and set aside an actual marketing budget.

You will have to manage the construction budget with a microscope but there is a larger upside potential.  

If you were only expecting $800/month in rent, the absolute numbers are not as high (but your rent as a percentage of purchase price is likely higher in a cheaper market), so those investors can essentially afford to budget for such high percentages, because the absolute value will be substantially lower than if you tried to do that on a unit renting for $1500/month.It's just a thought I've had (and heard, I think); I have not actually sat down and really crunched different markets yet to prove it.Also, if I was househacking, I would probably handle the lawn/snow and other such things. 

I am not sure where is a better market, my budget price is around 500k or less.