That's unrealistic after a year unless you're doing a certain level of rehab, which it does sound like NACA pays for renovations although I'm unsure how much.All this information I took directly from their website - https://www.naca.com/faq/gener... 

Notice there are no expenses for repairs or vacancy, both are totally unrealistic. 

Location can make a big difference - that $250 target might be fantastic in a pricier area, but unrealistic in another market.

@Keaton RobersonYour estimates might be a tad high but not necessarily unrealistic I don't think.

I wholesale here in South Florida MLS deals and Off market deals - I m just humbling saying that at my opinion it all starts with motivation and knowing your Buyers - MLS deal I focus on more on the properties and areas where I know my buyers like the most to fix/flip or fix/rent - kinda of reverse wholesaling and then I look for those kind of MLS deals and I work with the Agents - if the seller is motivated and I know my Buyers are ready I present offers that makes sense - for sure not $ 1,000 EMD with 15 days inspections - we need to talk the Agent's language -this works well for meon the other note I come sometimes across Off market deals where Seller are not so motivated or totally unrealistic and their asking price is not making sense - so at the end of the day what I want to say that a good deals is a good deal - no matter MLS or Off market -  for me it is all about motivation and having a solid buyer's listI totally see where you are coming from, but this is factually wrong (i.e. not opinion, fact).So first, I don't think you understand the concept of a motivated seller.You say that you come across off-market deals where the seller is not motivated.

Respectively, you budget is unrealistic and will cost you more in manual labor to keep up with communication than you might spend a bit more on a more complete solutions. 

The idea that you can simplify this into an app and click to purchase is unrealistic.

I spent less than $100 total before getting started, so you don't need to pay a ton.Sometimes the promises of a guru or system are unrealistic and the cost can be very high. 

Anything in that price range is generally going to be in a rough area.In general, the ones to avoid are the ones that: Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) Don't allow for your own independent property inspection Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) Require you to pay for any renovation upfront Sell only in cheap. low end neighborhoods Don't accurately represent the neighborhood/property classification Don't have consistent rehab standards for all properties Don't provide a scope of work for the property Can't provide references of repeat investors Require you to close before a tenant is in placeIf Indianapolis or Kansas City are on your radar, I may be able to help.

While no one should hope for a recession, I am looking forward to some unrealistic/undisciplined buyers realizing how bad their purchases were.