This is a long term play and that's why most fail.

@Spenser Harding I went back and double checked my notes for a VA compromise sale (short sale). 88% of the appraised value is the minimum acceptable amount, so maybe they are playing hard ball, or the negotiator is inexperienced, etc.

Returns are nice when you play in the gutter, the headaches seem to balance off the returns, at least for me.   

When you stop putting in the effort the income will start to drop.Or play the lotto, that GAME might be more what you are looking for.   

The saying "fake it till you make it" has played in my head whenever starting a new endeavor.

Say you can only rent the main unit at $1,600 (up $200 from today) you’re still making a square $4,875 which makes the deal look attractive.Yes I’m playing with the numbers, but the property really is beautiful in that it is solid, low maintenance, great location, and has good appreciation potential with the neighborhood, including being next to a foreclosed house that based on the cracked foundation, we assume will be a teardown. 

I understand of course that the answer will always be "it depends" and that the location of your investors and other factors will play a role.

Of course, but that did end up playing  a part as he underbid, ran out of money before job complete and bailed on some detail work.

Byu football has an excellent team this year and plays tomorrow night on ESPN.

They're probably in distress to be calling you, so you playing games with their finances like that can do some real damage if you don't perform under the terms of your contract.Btw, I have to agree that wholesaling is simply brokering without a license the way it's being taught in some places...lots of people with no education trying to flip with no money, no experience, no knowledge out there muddying the waters.We all gotta start somewhere I guess, but man they've distorted what wholesaling is to sell books and courses IMO.