@Michael HollingheadYou post that you are looking for a house in Alabama or Florida on an Internet message board,  wait 24 - 28 hours, and your inbox should be a flutter with wholesalers - both pros and cons.Next lesson - not all wholesalers will being you a better deal than you can find on MLS ... in fact, some will try to bring you properties off the MLS ... marked-up of course :-)Now, to be fair, there are excellent wholesalers out there who actually know how to properly analyse a deal and estimate rehab costs ... you just may have to wade through and trip over a lot of pretenders to find a diva.

Not sure what the store part would be but we would be anticipating additional income of farmer market and other things with the property.Down payment or equity: We have enough for conventional 20%, would consider refinance of other properties to get all cash.Source of down payment funds, if applicable: Own funds or consider cash out refi of other properties.Income Source: W2, we have the other rentals and have never touched the money from them- built up the last 9 years.Gross monthly income (optional): $Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $0FICO: Good to excellent, flutters between whatever that cutoff amount is.Credit issues:NoneAdditional details:The property was already sold.

I remember walking out of the bank with my heart fluttering thinking where is this money going? 

Not sure what the store part would be but we would be anticipating additional income of farmer market and other things with the property.Down payment or equity: We have enough for conventional 20%, would consider refinance of other properties to get all cash.Source of down payment funds, if applicable: Own funds or consider cash out refi of other properties.Income Source: W2, we have the other rentals and have never touched the money from them- built up the last 9 years.Gross monthly income (optional): $Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $0FICO: Good to excellent, flutters between whatever that cutoff amount is.Credit issues:NoneAdditional details:The property was already sold.

I have not looked at all the podcasts, nor have I read all the blogs, or the books offered, but what I can tell you is that not a single presentation went by that did not make my BS Meter at least flutter, some caused strange noises and a few blew up my Meter!

You'll spend some money on copper - if you haven't seen wiring costs these days it'll make your heart flutter - but the heaters themselves are relatively cheap, and since you're flipping it the long term doesn't really matter much to you. 

Then I open mine and show them and watch them ask the others who stammer and flutter and come up with some excuses about where the letter is.

But i'd take a little bit more look into the rent- i am not familiar with the Pittsburgh PA market but 950 does seem high for a foreclosed house at that price... once again i'm not sure what current rates generally go for but just my first thought.Only other thing is 5.1% for interest seems kind of low- i'd conservatively target the mid- to high 5's just to get a better idea with #'s as that's where rate are currently fluttering at....

@William Byrd  well you will probably get a ride in one before I will.... you worried about flutter at 300 knots?

You don't know what your going to get when you see the worm, it hides and goes away for a few weeks, and when it comes back it can and does easily flutter away.