Once they make this transition, the appreciation is where the big returns are achieved.  

I don't think cap rate for residential RE is necessarily the best metric, but I try and achieve a 10% minimum gross rent to purchase price figure, so a $300K property I am hoping to achieve a $30K/month gross income goal.

Ask people in BP who are not selling books and courses how many have achieved this.

If you cannot delay gratification, you are unlikely to be successful in anything because most things in life that are deeply satisfying - getting fit, getting an advanced education, moving deeply through a career, achieving financial success, etc - takes a lot of time and effort and requires sacrificing many short-term niceties and pleasures for long-term achievement. 

Once I achieve this, I'll consider it a success, and any additional investments will be a bonus.

Congratulations on closing your second property—that’s a fantastic achievement.

Do you have a personal or professional network that you can adapt to provide the deals you want to achieve the goals you have for yourself?  

Long-term goals could involve building a diverse portfolio, achieving financial independence, or even transitioning into real estate full-time.Ultimately, the journey in real estate investing is both challenging and rewarding.

Many investors have achieved excellent returns here, making Richmond a great place to build capital for future investments.

@James E.Hi James,I'm not a wholesaler... just an investor who has dealt with wholesale deals.My broad perspective is that wholesaling is a marketing job - where the wholesaler (on the surface) is trying to help a seller, but ultimately is trying to do that in a way that ends up costing the seller more money than it should have, had the seller taken more traditional means to achieve that sale.