If you can master how to close out of state deals (aka virtual wholesaling) you will be quote unquote RICH within weeks (that last 'rich within weeks' comment was an exaggeration, but SO not far from the truth).

These feelings will be exaggerated 10x when you work for yourself and are dealing with contracts, contractors, and tenants.

Exaggerate for a moment of 1M, which even at a low 3% would generate 30k 

To say he was tarred and feathered might be an exaggeration.

I had to call about 200 lenders (no exaggeration) to learn of 4 lenders who did this in DFW and I have some tips.

I love all the exaggerating and scamming that is on these boards.

You’ll notice a similar but less exaggerated price inflation for residential properties with 4 units or less, as the increased demand is driven by owner occupants who are able to use an FHA or VA loan to buy with less of a down payment than an investor.If you’re looking for returns with some potential upside, I would aim to be in from of the major demographic trends.  

I'm a real estate investor, and I have to do all my own purchase comps and rental comps anyway because i don't trust any person who is financially incentivized to tell me the full snapshot, but instead I expect the agent to withhold comps or exaggerate the ARV rental price.I'm doign all the work already.During the actual closing, real estate investors knows to do all the right things - oil tank check, home inspection, contractor inspections, as well as direct his/her own real estate lawyer to ask all due diligence questions to the seller and demand credits. 

I had to call about 200 lenders (no exaggeration) to learn of 4 lenders who did this and I have some tips.

You don't want the company to be incentivized to turn units, over-repair or exaggerate repairs.