I worked about 15 hours a day and drove a $600 pickup truck with no A/C or power steering.

They both come with engines, tires, steering wheels, etc...

But be ready for some of these variables to steer off course from time to time.

I have been in civil hearings before a judge and I have even gone to trial on civil matters, but not once was a judgement against me, my partners or any firm I ran been rendered.The ultimate fact is if the ethic mix of those living in your rentals is roughly equivalent to the ethic mix of the population in the area and you are not doing anything to try to steer that mix one way or another, an illegal discrimination claim based on skin color would be very hard to prove.

As for those folks who want to learn 'the secrets' of wholesaling, I steer them toward local mentors and education programs.  

@Phillip Dwyer - Thank you for the advice and, I agree with what you say, hence why I decided to do more research on my own and will now steer away from the AirBnB model since my goal is to build a long-term strategy.

If you want to try something like this, you just better be well versed on the SEC rules to steer clear of trouble.If you are trying to connect with more PMLs, you may want to come up with a new networking strategy.

I guess it's clear from his thoughts that he doesn't think Blackstone and so on are artificially inflating prices, or that the weakening middle class, or middle class debt (student loans, for example), or that our economy 70% based on consumer spending (read: a populace that can afford to buy things) are weakness to cause one to steer clear of long term holding of real estate.

Distressed" could be confusing, it's a word we might use with a 3 year old crying for a blanket or a guy pounding on his steering wheel in traffic.

Just be careful not to sound like you are trying to steer the appraisal.