You could rent your house out so the tenants pay it off in 4 years and go buy the new house in a more desirable area.

The home is in a desirable neighborhood but faces a busy street & it's been sitting on the market for 5 months w/ only 1 buyer who backed out.

But when I do it on bigger pockets calculator I get  a way less desirable result.Purchase price 1580005% down=$790030 year fixed assuming 4.25% not sure exact figure here rough estimateRent $1300Mortgage $738Vacancy $65Property taxes $158Rental insurance $85Maintenance $65PMI $67Cash Flow $122NOI per year $855Cap rate 6.5%IRR 27%Thanks too anyone who can advise much appreciated 

I was thinking the same at first re: vacancy but this is a very desirable area of town and my agent has suggested the 6% figure - I'll bump it up to 8% to be more conservative. 

You want to make sure you are trying to "sale" a home in an area that is still desirable for retail buyers.Best of Luck!

It’s a highly desirable area in mid Peninsula San Francisco, but the highest is 25% larger than A typical house in the neighborhood.

In the realm of wholesaling, is it as important to have an established criteria for desired properties as it is when it comes to trying to find properties to BRRRR, buy and hold, and/or flip?

It's best to underwrite as many deals as possible in your desired markets to get a feel for how properties are operating.

Close to the end center, downtown, midtown, and other desirable areas.

I could find some one to put a dent in the mortgage but it'd still be pretty pricey ( in some cases - depending on area and desirability, one could find a 2 family for around $1MM but they're rare and getting rarer by the day.