Then a wise man who was already successful doing what I wanted to be doing shared some common sense that I took to heart: settle on ONE strategy to get started and block out all the other noise, the BS, and the well intentioned but misinformed friends and relatives telling you that you can’t do this.

The 70% rule is a formula commonly used by real estate investors as a barometer when purchasing distressed properties for a profit.

It's partly the economy, but it's also common during an election year when people are a little unsure about where the country is headed. 

In my area $35-50 would be the common range for fees.

Common cash flow issues in real estate arise from vacancies, unexpected repairs, or market downturns.Typically, lenders require individual investors to have at least six months of mortgage reserves.

Software is a common question on BiggerPockets.

3) Are there any common pitfalls I should be aware of as a beginner in wholesaling and real estate investing?

Quote from @Todd Goedeke: @Jon Martin You are right , if you don t know how to market a property and get direct reservations you should not attempt to co-host or triple net lease a property.You fail to mention that leases on a property can be as long as 30 years.Long leases are a way to give both property owners and management companies favorable terMs.How common are 30 year leases for SFRs? 

- **Cesspool Issue**: While cesspools are common in your area, the limitation of not being FHA-eligible could be a barrier for many buyers.

It is possibly the most extreme boom or bust industry out there.