The judicial sale was this morning and I wanted to give a progress update in case anyone is curious.

I use 10% for a vacancy rate, when evaluating new purchases, but good clean units rent really fast.

James Galla is spot on with his evaluation.

Looking forward to future progress updates to see how awesome you are doing.

@John CheaIf you are completely green to evaluating and purchasing real estate, I would definitely find someone with knowledge and experience whom you trust to assist/coach you with evaluating and potentially negotiating this deal.This person could be another, experienced investor, a contractor, a real estate agent, or a combination of different folks providing those skill sets.An experienced investor will be able to assist you in analysing the numbers and determining if the property really is a deal worth pursuing  - separate the facts from the vendors rosy words and claims to sell the property.If you bring in a contractor to walk the property, you should plan to remunerate them for their time (unless you have a long standing relationship and they know there will be work for them).   

Hello, Carolyn I would say as a wholesaler the thing you would want to focus on most is your ability to evaluate a deal correctly, your buyers are going to be investors who fix and flip or buy and hold properties on a consistent basis.

I'm in the phase of trying to evaluate at lease three properties per day to gain some experience on deals.  

It feels like there is still so much to learn, but I'm encouraged by my progress so far!

Thank you@Eric Pinter - our current accountant was retiring - and we have set up a meeting already next week with someone else to evaluate.  

I have never heard of an evaluation based on taxes.