The more you become artificially involved - the less passive that income becomes. +1 on the fact that tenants should know that rent payments are due.

Equality and equal rights are entirely artificial concepts with no fact or basis in biology.

I'm already looking at investing in a business to learn about how to intelligently invest there.

CAP rates are a crummy way to value residential real estate and an equally crummy measure of financial performance for all of the reasons mentioned above and more ... you may disagree, but since the only other person out there that regularly disagreed with you on this was kicked off this site for doing so, and just about every other turnkey operator seem to be in the business of perpetuating it as a metric to try to artificially pump up the attractiveness of their offerings and scam newbies, please forgive me if I try to offer some counterbalance and perspective to other new investors who would otherwise not have any other exposure to such radical ideas as using CAP rates the way they were designed to be used by the professionals who use them.

You have the tools and the intelligence to do well in this business.  

Though I think my dog is a little bit more intelligent...

They insult my intelligence and leave me feeling manipulated.

Not only that Bill Gulley, it also shows a general lack of judgment, poor decision making and to some degree a lack of intelligence.

It's not that they aren't motivated, intelligent and ready to work hard (at least some of them are), but wholesaling takes a whole bunch of skills that can take years to learn.Among the skills you need as a wholesaler:- You need to be a great marketer;- You need to be a great negotiator;- You need to be a great salesperson;- You need to be able to estimate rehab costs;- You need to understand how rehabbers analyze their deals;- You need to understand how landlords analyze their deals;- You need to understand contract, closing processes and deal flow;- Etc...If you're getting into wholesaling because you have no cash, what are you going to live on for the months/years you're spending learning how to do all those things above?

It all started with value investing when I read, "The Intelligent Investor," but now I have become drawn into real estate.