One thing to remember is dont over leverage or over extend yourself and play it ultra safe until you get really good at sensing the market and looking at indicators of whats about to come.

It all depends how desperate the seller is if they will consider your options.If they want all cash and quick close and know they will be rid of the problem to shift all the risk to your side then has to be an ultra low price with huge upside for your time.

Right now with the COVID-19 rush and ultra low interest rates, everything is being bid up by $10k's over asking. 

Specially in the ultra competitive market of SF Bay Area.

He mentioned a statistic that the "Ultra Rich" ($50M+ net worth) have 60% of their wealth in stocks and 40% is in real estate.I was hoping to get some feedback from some of the people who have long term experience (or great references) in building a strong portfolio.

Did you know that all of our beaches belong to the people and that hotels and the ultra rich can not buy them?

Your ultra violet inspection will show you what to remove.

If I had an ultra productive person who I can count on for things like carpentry or drywall, I'd pay them at $15-20/hour and keep them busy.Part of the big problem, though, is that there's no 'easy' way to determine if I can count on someone and if they REALLY have the skill-set.  

Maybe some sort of ultra-creative portfolio loan with a 40k hard money piggyback?

As you scale cost should be one factor but quality and dependability of the group you are using should be really important to meet deadlines.If your return per hour is more than what a GC gets paid then having a GC might make more sense then doing it all yourself coordinating everything.Make sure when you buy a property to rehab that you are not projecting ultra tight rehab margins to make a profit.