My home has 2 private streets, one that leads to my driveway and the other that goes up the side of my property that I park some of my vehicles (because you can never have too many vehicles) and is an easement to other properties.  

Or rental demand could be poor leading to higher than norm vacancies.

On the negative side you will need to show how you will use the property to generate sufficient income.

Enjoy the process, and may your journey lead you to a rewarding and successful outcome!

Jumping into a deal just because it feels like you "need" to can be tempting, but as your story highlights, it doesn’t always lead to the returns we hope for no matter how hard we try and convince ourselves that we know everything, it is like the universe pushing the other way around against us.I especially appreciate your point about really knowing your market.

First things first, remember it's a marathon, and you are getting such a head start that, in the long term, you will be leading the pack no matter your pace!

You can learn to do this independently or get a rockstar REALTOR to lead the way.

The cap rates seem to be inconsistent and not aligning with really anything...3% to 5% on older buildings with higher risk, not great tenants, in not great areas and not a lot of cash flow or even negative cash flow based on current listed price.  

Obviously, using the online listing page at ALE solutions is different than a cold email, and I am referring to the latter.That brings up an obvious question: how do you develop those leads, then?

To everyone on the wholesaling forums, understand this:Focus on learning from those with real experience and a proven track record of success.Don’t waste your energy on negativity.