Ok, the FSBO seller called me back and countered from my 34k to 36k. I told him I'll have to mull it over. The house comps out for 62k based on 2 recent sales of the same style home in the same area, less than a 1/2 mile. The houses are the same age, style and lot size.
Also, the place needs 8k (mostly costmetic)to make it rentable. The roof is good. The driveway is good. Inside just needs paint and the carpet cleaned. The only major thing that may need to be replaced is the water heater in a few years.
With these numbers in mind should I put this under contract so I can wholesale this deal for 3k?