Profit on a Wholesale contract assignment?

[Mark Choi]

Hope all are well here on BP forums. I finally received a few calls from my probate DM and from them I am about to make my 1st ever offer. Yay!!! However, I am stuck and need your advice please. It's regarding what to figure for my profit for a contract assignment. 2 family home in Bed-Stuy. ARV $1.6M; repair value of $840,000 $1.6M x .70 - $840,000 - my profit $? = MAO Is $10,000 adequate or too small? Is $30,000 adequate or too small? Etc. I tried searching the web and BO posts but the info I found were too old or in a much smaller markets. I hope you can give me some sound guidance. Thanks Mark Choi