Most don't like that fact.BTW--the word "wholesale" implies a value below market.

Most  wholesalers use double close in order to imply an actual purchase but the RE commission doesn't really buy it anymore.

Heck, there are expert reports that imply a large % of business only have a ~30 day buffer between cash on hand and bills needed to run it. 

I didn't imply you were a racist.

I'm not implying that you're wrong - I'm curious to know why you think that, and also want to make sure that you've thought about all the alternatives.

The trainer claims that she is very successful and make loads of money in real estate.

If you weren't implying the following then excuse me.  

It is whatever comes with owning that house, the pain is far higher than the monetary worth of the house.There is no rule that says "probates, foreclosures absentee owners bla bla bla, are not motivated", nor is there a rule that says they are.People need to understand that one doesn't imply the other.Not because someone is in foreclosure is there a "higher" chance that this person is motivated.

The ratio ignores all PITI and operating expenses, so it's not the "real" ROI, but if you compare it across markets you should get a sense of the relative affordability of STRs ... higher ratio implies higher return ... in theory ......I'll admit that software like this has been useful for me to identify a few geographies I wasn't previously considering, but i'm starting to notice major limitations as well.

@Andy Sabisch, Adam hits on it, but also implies that you are even competing with someone that does any underwriting, let alone somewhat sophisticated underwriting.Look at these forums alone, then look at YouTube, all the gurus out there, etc talking about how the only way to get rich is through real estate, and how easy real estate is, etc.