Waiting for a response from a seller.   (Inherited it with 3 siblings ).  Assuming that he takes my offer, I am curious if a wholesaler would be interested.   I am paying  $145k.  $45k rehab. ARV $235K.  I am  a newbi...

The tenants stayed on the same lease they had with the previous landlord which were both month to month and the seller transferred the refundable portions of their deposits to me at closing.  

For SD's in cook country each tenant is required to have a separate account, in Milwaukee they don't so each LLC has a separate account for all the security deposits for the tenants under that LLC

I found that most sellers inflate the value of the property making it difficult to flip the contract and still leave any meat on the bone for myself, so I always ended up just buying the house and doing the deal on my own.

Somehow they think disabled impoversihed people whoo have had their life and property stolen out fro under them by conmen and medical disaster are going to have perfect credit-(my 664 was not good enough for them). i just had a renter find a loophole and sold my 80k property out from under me, at the same time my wife with no kidneys was nearly killed by her Dr.-  yeah- we have some nicks in our report. 

The capital is more valuable to me at this point then the long term money saved.

Depending on the cost of the gut rehab, which I'm working to guestimate, is there enough meat on the bone for a wholesale deal?

@Chris Martin Thanks - I literally know nothing about them, and if it's something which is very time intensive, it's probably not for me at this point.

Small mobile home parks are not as marketable, so if you have to sell in a hurry it will be for a 15 cap or more.This will take a lot of work to get it positioned the way you want it, or you can keep it a trailer park and operate it the way it sits today which will be a ton of recurring work in perpetuity.Most would say there is not enough meat on the bone to make it worth their while, but if it's nearby and you want something to cut your teeth on would be an okay place to start.

(other installers glued the bamboo to "float" more "give in"...)it think this one puts me at 75-80 sound indexP.S. if you total expense for all materials (floring + others...) puts you at $2,000+, then make sure to run this through the bid room at homedepot/menards/lowes even if you don't have a contractors account....more money in your pocket always sounds nice :-)