Tiffany Robinson if you're done your homework you should have a pretty good idea of how to wholesale this deal.

Looks like I have lots of homework to do, thank you!

Here's my guess for my flat fee agent (numbers rounded for easy math): she spends about 5hrs per home for me. 1hr visit, 1hr comps, 1hr entering listing, 2hrs answering emails/calls from me agents and all other misc. etc.

Which sounds completely INSANE to me.This works OK for a $40,000 property in a big city 'hood - where you have some chance to rent it for $800 - but for any nice property in a decent area - I just can't imagine pulling it off.However - I'm brand new and clueless and basically completely scared off by the math above.I think a $200,000 house around me is goint to rent for closer to your $2,200 guess - maybe even only $1800?

I did the math and I’ll probably end up spending $6-7K on repairs/rehab only.I have been able to negotiate the price down to $30K.

. - you're correct, you can get good returns on rent; you can also get lousy appreciation...even flat or negative appreciation.again, it's simple math - you can get your $300/month ($3600/yr) rent profit plus a $G in appreciation but the fact has always remained - the real profit is in appreciation (Grant $15,200 last year alone).I think it's hilarious how the tide has turned; everybody's chasing the rent w/ being a slumlord & saying we'll never get back to 2006/07 levels agin...i'm sure, back in the day, a lot of peeps here were chasing the appreciation...

It led people to do crazy things and the words "CASH OUT" are the difference makers.If someone simply wants to refinance all or some of their costs and recover a portion of their costs, that is a different strategy that buying a property simply because the math says you can walk from the closing table at refinance with all of your costs plus additional cash!

Do your homework either way.

Keep doing you homework.

Yeah, I'd focus on anything having to do with the math behind real estate investing!