That was an exceptional book that does an excellent job simplifying an incredibly complex concept.

Here's a simplified version of wholesaling for you @Ricky Ross: Step 1.

Thinking about this, I crafted a list of simple defining questions, that if worked through, can simplify the approach to learning a new market:"What exactly does it mean to know a market?""

Consider these simplified scenarios:1) credit partner acquires rental property using conventional mortgage.  

@Lesley GovanI will simplify what others are over-explaining.

Above $250K and it's more difficult to generate positive cashflow because it's harder to increase the rent above $2,000/month.Here's the simplified math of the profit calculation for rent to own:110% x $150,000 (ARV) = $165,000 (option price)You can get $5,000 or even $10,000 down on this house and charge $1400/month rent. option price..........................................$ 165,000lessacquisition+rehab cost........................($120,000)addCashflow ($400 x 12)

The question is a situation where there is the purchase price and a 10% profit based on the purchase price.The math demonstrated earlier correctly address the problem that was asked.The example you are giving is 10% of the final selling price is profit.To further simplify assume the purchase price was 100K.  

I might be over simplifying things but I thought I would check.

@Shaniqua DupreeMaybe I'm over simplifying this, but why not just go to a bank and get a standard real estate loan?  

If you get $300/door/month that's over 38 units.now, I'm over simplifying things but i'm trying to make a point, RE is a great investment tool (the best in my opinion) but if you want to make it a career there are different parameters to consider.