I've picked up several really good deals because a tenant operator ran the business into the ground to a point where the property owners just wanted or needed out. 

Pick one market and go deep.

If I would have used competent management, the manager that I picked and vetted, then it would have cash flowed, assuming they could have filled the vacancies.The big lesson I learned is that the property manager selected can make or break a deal. 

The 1% rule is best only used as a quick and dirty evaluation used to pick which property you plan on running additonal calculations on.

I normally pick and choose the events I go to based on what will be discussed. 

Listings come from nurturing your database for years, so if you are new, you have to pick a niche or an area that you have a competitive advantage in.

However, the success of this approach hinges on consistent appreciation, which depends on demand.The Key Factors to ConsiderPrice Dynamics: Prices are driven by the balance between buyers and sellers.

I'm thinking I'll try out stressa and baselane for a week together and pick one.

As a result, I have been meeting with other wholesalers and picking their brains to see how they run their business.

I would suggest picking someone with the most forum posts or the most/best reviews that way you know they are actually active!