This is because you "sophisticated Mr. investor" took advantage of poor innocent home owner who didn't understand what they were doing.

Even the more specific "ask they guys" series is about gaining perspective and how to think about a question rather than answering it specifically.They also seem to talk more about sophisticated investing and are not really talking to those starting out.

I was not as sophisticated an investor then as I am now so I definitely be coming up with better plans on my buy and holds moving forward.

Mike, Yes there are books and software but often much more expensive and sophisticated than you need.

Nothing too sophisticated but if you're anything like me when i started, they'll take some getting used to!

Usually, to wholesale you need an inventory and most of the inventory can't be retailed for one reason or another, but there are unique circumstances.This market is not only limited but owned and purchased by more sophisticated investors.

If that happens, the original owner who you just screwed may well sue you, and courts tend to sympathize with screwed homeowners more than sophisticated investors.Lastly, if you acquire a property via Sub2 that has serious (30%+) equity, you've got options if things go south.

The sophistication of the seller is usually based on the number of units they have.Example 5,50,100 unit building etc. will have different sets of books and accounting procedures.

The sophistication and competition in LA is major leagues for sure.

So by being more sophisticated or having more tools in your toolbox you are never in a race.