I own a property in the Disney market and co-host/manage another 25 in the area.Disney I think is a good market if your goals are more aligned with traditional long term real estate goals, and a bad market if your goals are more immediate gratification and short term cash flow.The major benefit of the Disney market is that it's about the safest market you can find from a long-term perspective. 

Examples of pitfalls include purchasing in an undesirable area, not understanding the market values (vs. list prices), not knowing the rental values (current and market), inheriting bad tenants, buying a lemon, going rogue on renting and management with no contacts / systems / no legal understanding of PA and Municipal landlord-tenant laws, not having trusted resources and contractors in place, using out of state lenders or shaky financing, throwing lipstick on a pig when renovating a house and wondering why it's ARV isn't increasing, tenants are renting, etc.

If wholesaling is the exit strategy, this will show how much of a discount is needed to buy.Major market areaAll real estate is local, but major market areas influence the formula.

We are currently paying down most of our bad debt to put us on a better position to buy, and gaining more knowledge in the process.

When you buy the cheapest materials , and then complain that the work is bad and the worker took money and wont return .

It gives those of us with the gumption and resources to offer a real gameroom a bad name.  

Emotional purchases are bad investments.

By nature of his work, he knew who did good jobs and bad jobs - he was there inspecting homes and saw who did what.I have retooled this list over time.

Looking forward to hearing from you guys.TIA That is a bad move to have the tenant be manager/main person..

I did basically push one incompetent appraiser out of the San Diego market because his appraisals were so bad he was getting the reputation he deserved (I won 2 large appeals and he left when I was appealing a third which sucked for me).