. $87k per door sounds alot. you are getting a low return so you need better terms to cashflow. 

Sounds like you're targeting Kean University.

Frankly, this doesn't sound so bad compared to the return I could get on a 10 year bond.   

Quite often they are embarrassed by their situation and the prospect of less visitors and a shorter process sounds more appealing than scraping for that extra dollar and inviting the circus over.

Id like to be able to replace $70k+/yr with REI...Realistic or pipe dream?

It's had all electrical through to service replaced, new central air including duct work put in, new water heater, new roof, and literally a gut to the studs done to it.

Nice idea and all, but to me, it sounds like just asking for extra work.

But im confused on the process of wholesaling a pre-foreclosure and I hear that it can be more complicated than it sounds.

I'd probably say that sounds a little tight.

I’m not familiar with the area that you are from, but it sounds like you are on your way to greatness :) let me know if you have any questions!