There is also a very high percentage of transient "ski bums" who live in the LTRs and taking care of the rental is not a priority for them, which makes repair costs high for owners. 

I’m a little bummed out because wholesaling would be my entry into real estate.

Under Civil Code 2945.4, it is a crime to do any of the following acts in a capacity as a foreclosure consultant:Charging or collecting any compensation until after the foreclosure consultant’s work has been completed as agreed to in the contract;Charging or collecting interest or fees in excess of 10% per year of any loan the foreclosure consultant may make to the owner;Taking an interest in other property or a lien against the wages of the owner;Receiving payments from any third party for these services without full disclosure to the owner;Acquiring any interest in the owner’s residence in foreclosure;Taking any power of attorney from an owner for any purpose;Inducing or attempting to induce an owner into a contract that does not comply in all respects with Sections 2945.2 and 2945.3; orEntering into an agreement at any time to assist the owner in arranging, or arrange for the owner, the release of surplus funds after the trustee’s sale is conducted, whether the agreement involves direct payment, assignment, deed, power of attorney, assignment of claim from an owner to the foreclosure consultant or any person designated by the foreclosure consultant, or any other compensation. 2Prosecution of Foreclosure Fraud Under Civil Code 2945.4The crime of foreclosure fraud is similar to that of the crime of theft by false pretenses.

I’ve currently got 5 of 12 units renovated simply by fixing them up on turnover and kicking a few bums out, but the remaining units have great tenants, but are paying below market because I haven’t renovated the units.

Induce a "solution" that feeds the problem thus requiring more "medicine" (rate increases) and thus, more problems to bring MORE "solutions", and round and round and rou....

Sure, he could not find financing, so he was asking about using these escape clauses to induce a seller and then have a way out if he could not assign.

We love grilling so I don’t blame you for being bummed and upset.

If you don't think you have the natural proven ability, you're simply giving up way more than the average bum kid that drops out of school and pursues real estate or ecommerce or whatever.

Mostly because all of our properties have appreciated to extremely crazy levels and I'm super bummed I have to share 50% of it.

Lists, filtering lists, and all that crap DOES NOT INDUCE OR INCREASE MOTIVATION.