You could even sell it later with owner financing or lease option... but if it looks like a gamble (you have no solid numbers and you are just hoping that it'll work out) - don't even touch it with a three foot pole and stay away.What are the "mixed units" ?

You will spend a lot of money mailing to address that are no longer accurate.

I may be bias, but I persoanlly believe that wholesale buyers are better served doing business with my on my deals than someone else because I have the knowledge and experience to provide proper and accurate numbers and provide deals with good spreads so that the wholesale buyer is profitable.What are your thoughts on buying a wholesale deal from a rehabber?

I looked at comps in the area and the ARV is accurate.

The price/sf method is less accurate in my opinion.I will factor in short sales and REOs but won't use them as a direct comparable, unless it's been totally renovated.I use pendings and actives to either push listing price higher or drive it lower.

Its not a horrible deal at $95K, especially if it only needs the minimal fix up he is speaking of, but sellers are usually not 100% accurate on needed repairs (especially if he is a long distance owner).

We try to keep the Sold/Available status accurate by following up on deals on day 7, day 26, day 45, day 75, day 120, and day 160.

Assuming your rent assumptions are accurate, assuming there is no major differed maintenance issues, and assuming there is nothing out of the ordinary that would impact your NOI (such that your expenses were much more than 50%), this deal sounds great from a purely financial perspective.Obviously, there are other considerations (location, management, etc), but again, just looking at the numbers, it looks good on paper.

In order to get an accurate picture you need to calculate additional costs into the ownership of the note.

I send out accurate BPO's, with 'ballpark' repair figures (no, I'm not a contractor).