I have seen many of the hedge funds buy homes at retail price that are in the higher priced areas, even they know those are better investments. 

If you can close on it and it sounds like it only needs a few thousand dollars in work why would you wholesale it rather than do that work yourself and sell it retail for $120K.I mean you are a broker so retail sales are your bread and butter and much different than selling to investors.  

We also have picked up interest from retail clients including national chains.

I am in the process of making repairs and I have the home listed retail. 

Even if you paid retail, it might be possible to list it for a few thousand higher and try break even.

We have built all different types of properties as spec, from SFR, MFR, Office, Office/retail condos, Office parks with individually owned buildings, medical/dental space, developed a subdivision, etc.

You're doing too much leg work to pay over retail, then make repairs, and potentially evict someone.

., have a different definition than a retail, owner-occupied, GSE financed property buyer.

As the retail market has improved so has the distressed asset market.  

Anyway once I determine that the caller has a renovated house and it looking for retail value.