Feet, and the type of fix (i.e $25 Sq. ft. for Kitchen/bath, paint, floors) ARV - $350.000Private $ - $280,000Private $ Fees - 7% - $9,800Fixing Costs - $55,000Holding - 3% - $10,500Closing - 3% - $10,500Realtor - 6% - $21,000Profit - 14% - $49,000Max Offer - $194,200That's what I use, my fixes are based on a general formula I perform my due diligence prior to making a real time offer but it's close enough to let me know if I should be interested or not.Mike

Make sure your contract provides the seller will look ONLY to the assignee, if any, for performance under the contract or you may still be liable should the assignee fail or refuse to close as required. 

And in the case of landlord/tenant relations , past performance is a good indicator of future behavior. 

It can take awhile to get them out which causes you to lose money with non-performing units.

I can tell you it seems like every day people say they can finance some of these things, and when they get down to it, they can't perform. 

Successful fisherman know that 90% of their time and effort goes into planning and keeping equipment ready to perform and not actually hooking or reeling in the catch..often closing on a popular or active vacation rental (often in a competitive market) happens along the same lines (no pun intended).

All of these were done prior to really having a true interest in performing any business transactions.

With my 15+ years experience, I can tell you that most new wholesalers fail because they do not understand fully how to properly and LEGALLY perform the wholesale transaction and there are a number of ways on how to do it legally and ethically and even more ways how to do it illegally and unethically.

hello -  asking for recommendations on where to find 1st position non-performing notes for SFR's, any state. 

I understand setting up layered companies between those that are performing service work and those that are holding assets, etc...as well as forming contracts between various LLC's for services, etc.