This turned out to be a relatively painless fix, but it taught me a valuable lesson: Always assume half of your revenues will go to repairs, maintenance, and other expenses.

All this assumes you work out of your home, are not an employee, and all the other little requirements they have.

I did find some more general summaries like this: http://www.deptofnumbers.com/asking-prices/Wholesaling being more quantity-based, I assume I should be looking for high inventory of homes and low asking price in that list.Any other suggestions?

And unless you'll be managing it yourself, you'll have property management expenses as well.Let's assume that best-case, your expense ratio is about 45% (including vacancy, concessions and capex).

Confirm everything, assume nothing unless you're prepared to deal with the risk should your assumptions be wrong.

When you factor in the time to write ads, take pics, hang lockboxes & chase all the paperwork around I'd gladly pay a full months rent (assuming it was done well).

They also require a $200 deposit.I assume it would be in my best interest to also screen the tenant to protect my interests and take a deposit as well.

I assume that's not the case...Regardless, if you do a double close, the seller won't know about your end-buyer and your end-buyer won't know how much you purchased the property for -- at least not until after the transaction is completed (the information will eventually be public record).

I agree with Sharon, no money down looks good.Of course, it depends on the numbers, I am assuming here that a VA loan is not more expensive than a standard mortgage.

(assuming the stats are correct from this source.http://en.wikipedia.org/wiki/Jobs_created_during_U.S.