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.

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

The more control and say you lose, outside of your expertise,  the higher the chances of non-achievement.

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.