This niche (and supply) is just not large enough for Wall St. who has to do everything on a grand scale due to the amount of money involved.I asked what I did above not because the local guru planted thoughts in my head, rather, its something I've been meaning to ask for a while as I start setting up my business.There are so many books out there that make this seem like a get rich quick scheme but my experience tells me otherwise and I wanted to hear from people who are actually doing it.From the outside looking in, it appears there are two distinct types of wholesalers: 1.

*Also note that a condo is not a type of construction, but rather a type of ownership...so this is a very important distinction when looking at comps - with condos you do not own the land or common elements, and the owner pays a (often hefty) monthly HOA fee, which affects purchasing power when considering financing, which indirectly affects value.

Though it is not the pivotal point here, I thought I would clarify this, as I can say for sure that Airbnb makes no distinction between who the owners of a property are.

Currently have a 7 year mortgage at 3.5% fixed and I don't plan on moving once it's paid off (and I won't be refinancing).I remember when I first moved out here complaining about the food not having any flavor and seeking out to find Tacos de Mexico on Santa Fe. 

Bank statement or letter head from a bank stating you have "xxxx" funds available.For financing you will use a pre approval letter.The distinction needs to be clear because of the financing contingency and how your offer stacks up against other offers.

Commercial will also typically have a lot more to do with the age/amenities of building..One way I've heard it loosely described is something like (with a little flavor from me..)Class A: Great tenants.

That is an important distinction. 

But appreciation rate can vary widely from market to market depending on what state is this years flavor and what billionaire is moving some factory to where.  

If you were running an ice creme store and had a great flavor, would you tell someone else who wanted to open up a store in the same area your exact recipe for that flavor?

If there is a distinct chance that you will hold this property long term, lock in generationally low rates now.