I'm not saying to rely on it as the be-all-end-all, but it's a good shortcut for the LA market as a whole.

Save $120,000/year from work and put 20% down. - Criteria: Purchase at 10% of asking price and add 10% value in first year.

Again this is awesome work, and motivation!

Unique" or "character" may sound great but I think it all comes down to $Again I do not want to diminish the hard work and effort you have put into the property, but it is overpriced.

Believe it or not I saw the quote "young is superior" one day as I was driving to work and it really stuck with me.

I did this for a while; I played with lists for direct mail, tweaked my website, read, read some more...I realized I was doing "busy work" and fooling myself into thinking I was accomplishing something.

Ryan Dosseyif you have a minor rehab look at doing a joint venture with the seller, where you give their equity in a note with the payment in full in four months,  with no monthly payments  Look at the difference in these two offers  ARV 200,000 ,  free and clear house ,  it needs $20,000 in work Solution 1The Wholesaling formula is terrible offer for the seller The Wholesaling formula is terrible offer for the seller Solution 2I offer to bring my money in and fix the house, resell it, and pay off their note The mechanics are add up the costs to sell, add in the rehab, add the interest for the private lender money, and add a joint venture fee of  $10,000 If you do the math, Wholesaling offer is about 120,000 to the seller The joint venture with the seller is $148,000 to the seller :)If you market for expired listings that have minor rehabs and they didn't sell because they were not in the right for selling condition, you might go to probate attorneys to find "grandma houses" that need a minor amount of work,  and buy it from the probate attorney, resell and pay the heirs 

If the bank is requiring that ALL work be done through licensed contractors, then have your contractor do the work and stay out.If the bank will allow you to do some of the work, then do it to save money, but don't try to pull money out of a loan that you should not be pulling from.Not legal advice.  

I viewed it after all finished, and the work and materials were not as high quality, basement ceilings are less than 7 feet.

Making something shine in all of your hard work and then snapping a terrible photo is not doing any justice.The photos above show your picture, which is nice, but as you seem to know, nothing special.