Would you be kind enough to refer me to the direction I need to go?

YOu should ask him why that would be the case and for some type of supporting language to back up his claim.

You only wanna be in the bridge loan for 6 months tops.If properties are going for 300k on MLS and in wholesale markets then at the auctions you should be able to get the same kind of house for 200k -250k, plus you circumvented the entire open negotiations that take place on MLS and with wholesalers. 

Kind of like a lot of the people that tell folks to get started in real estate with no money is to start with wholesaling.

For example, hotels or short-term rental properties like Airbnb often generate more income than traditional apartments, especially if the location supports it.Entitlements and Approvals: Check whether your project fits within the land’s current zoning (by-right uses) or if it will require variances or rezoning.

But anything with an appraisal of any kind is not cash and should not be called cash.

If you are buying large multi-family, I would follow larger developments so your investment has a rock to support itself.

You will have to put on a stain inhibitor of some kind to keep it looking nice.

We have never had a tenant that was able to produce any factual data that supports their concerns. 

Quote from @JD Martin: Those things are true but I'm always puzzled by these kinds of posts.