So many posts are all fantasy on here so you have to be cautious.

@Steve VaughanYou have echoed the most overlooked item...PM's are at 15-20%...once you add in things like this plus hidden fees...10% is a fantasy....

I swear, the nerve people have sometimes...fantasy land is where some of these people live. 

The last one I did for a distressed seller facing an auction date.....4 days from listing to contract, out of 7 offers (3 day inspection 10% EM, verifiable cash to close) for $25k more than their best private “investor” offer (of 6 offers over a month), closed in 20 days because the seller needed that long.It’s a fantasy that a wholesaler can sell a property quicker, for anywhere close to the price a good agent can do it in.....don’t buy into the ignorant hype.

I ran fantasy numbers at $215k build with gross rent $2600 per month.

Recap: Mortgage 1st and 2nd mortgage totaling $103k with ChaseOwner wants to pocket $16kEstimated $25-30k rehabSeller open to Owner finance and other strategiesMy wholesale fee $10kRealtor estimate: ARV $182KB neighborhoodVintages homes1 mile from Cooper-Young District in Memphis1 mile from University Of Memphis and the Liberty Bowl Football Stadium 2 miles from downtown Memphis and FedEx Forum

I mean c'mon, how many of us have a few friends over for dinner or to watch a football game etc.?

A good deal for me allows me to refinance out $8-12k MORE than I have invested"@Kevin Sobilo this sounds like a fantasy BRRRR-investors preach but rarely materializes.

Most NFL athletes are lost after football.

The belief that STR is 2-3X LTR income is a complete fantasy, IMO.CONVERTING STR TO LTR INCOME FOR ONE UNIT (MY TOWN) Airbnb & VRBO estimated my earnings from a 2 BR 1 BA apartment around $17,000 annually.