He went from a nobody to a major player in that time.

So get a partner that can do this for you.. cut them in.. this is what I do in my work a day world for all my gals across the country seperates the wanna bes from the real players...

Are there any cashflow 101 players from Brooklyn?

I tile my kit and baths, and sometimes upgrade my cabinets if I thing I can raise the rent a few bucks or rent it faster (less vacant time)NOW you can hold the PM accountable if they can not reach their potential rent goals and you can get a good team player to boot-

You must be one hell of a player either way!

Take time to learn here and from others as wholesaling is also the niche in real estate which gets slammed the most with shady players.

Not sure about the 1000 dollar rule.. but one thing I think is a flaw in the buy hold mind set is that these properties can be rentals for 5 to 10 years then sold to owner occ for a profit.I don't see that at all ... even If you could somehow talk someone into moving into a rental area and being a new homeowner the improvements you would need to make to make the property RETAIL ready would probably eat up half or more of any cash flow you made the previous 5 years.I see this with the current crop of smaller players starting buy and hold funds...

The big players are basically renting with rent credits.

Makes me wonder how much we really need syndication if there's only 4 players.  

Learn who the players are in your area.