That said, deductible would likely be $500 or more so how many nights would they need to get a hotel for instance and what would it cost?

Then I would get an attorney to help with the eviction cost. 

@Kwok WongYour process seems reasonable, but here's a few things to keep in mind.

@Jasmine HuNot sure I would go to Memphis and don’t know the VA markets.I’m in Greenville SC and love that market - midway between Charlotte and Atlanta.Booming population, income, and job growth - not as competitive as the NC and Florida locations.As you note insurance costs are in issue in FL and probably in Wilmington too.To add some additional context, one can invest successfully in most markets.For me, knowing your market is as important if not more important than selecting a market.

Before you spend any money, you just need to price everything out (i.e. cost of homes, moving costs, installation, hook ups such as electrical, water, etc). 

It comes free with my MLS subscription as an agent, not sure what it costs outside of that. 

We are also going to repair and clean the home at no cost to the seller if he is There is also an addendum that says they are also entitled to the profits (split with us) if the home is sold by us. 

Will you also have enough for reserves, closing costs, and the downpayment to buy this property if you paid the car off? 

It's important to note that other wholesalers are more likely to JV with you and take a disposition fee rather than simply give or sell you their list.If you're interested in purchasing access to cash buyers, you might consider platforms like InvestorLift, which can cost $25-30K a year for their dispo services.

It is very time consuming to allocate overhead costs such as automobile, cell phone, etc. to each property.