Price is irrelaveant2) What is does the seller truly want, which can be remarkably different that what they say they want at first.3) Ignore all input regarding, private money should be paying "x" interest rate, or you should offer at least "x" % down payment.  

Price ranges from ~300k, so obviously just looking to sell at higher price with in a year of build out. 

These sites could give you a range to start with. 

Comps range from $12,000- $50,000.

In terms of market rents for that area, the building does fall into the average range of market rents.

Despite being very early in the process, I'm still very excited and nervous.My business model is Buy/Hold 3-5 Unit Homes in the $75-150k range.  

As a wholesaler, I want to expand my range, and build my list of buyers and sellers.

Most of the properties we have been seeing in this range need alot of work and holding costs make this one look good.  

Around a $150,000 house might rent for $1,250, but a $1,000,000 could be rented for $4,000 to $5,000.The national articles are written in general terms and not in terms of local markets, different price ranges, different appreciations and different local economies.I put little credence in any general national article.

Our agent did say that he read in the agent remarks that this was no offers under Sales Price would be considered, so maybe its not so bad of a situation.