For instance in the real world.. i bought 12 brand new constructions back in the Katrina days .. this was in the top county in Mississippi they ranged 150k to 225k each..

The rooms are unfurnished and the tenants are very low-maintenance (hardly know they are there). 2+Unit Buildings here and nearby currently sell for $1.5M on average.I bought the property 16 years ago, so my mortgage rate is very low (2.2%) Even though the property is cashflow positive, my bigger play is the average 5% yearly appreciation.I'm looking for others who are interested in house-hacking in this neighborhood. 

I've never had a client not be able to get a great competitive premium on a property here and we've bought all kinds of property. 

When they hear Wholesaler they think in the wholesalers who supply retail stores with Products.  

We don’t do overseas rental units but recently have traveled in those countries and my brother bought in Italy and my son is based in Sicily.  

Just what I see one of the reasons why existing is as much if not more than new builds is that lot values out this way are 150 to 300k or more per buildable lot.. so existing houses start already with this underlying value then work up.. when your in a market in the mid west were houses are bought and sold for 150 to 250k the residual land value for vacant lots is anywhere from Nothing to maybe 15 to 30k per lot..

One that I'm getting close (hopefully) to the end of, was a flip that was a public nuisance property with two lots on either side full of junk (like 10 dumpsters worth..)There was great opportunity with the house, but we bought the other lots as well and cleaned them up (as no one would ever buy the house with those lots filled with junk). 

Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.

I was driving home from one of the walkthroughs last night and lamenting the work that needs to be done and the money spent when it occurred to me how much money we've made on that house since we bought it. 

Bought by letter writing campaign.