This creates a negative initial position.

You can learn to do this independently or get a rockstar REALTOR to lead the way.

Comes up negative?

I don’t know if Jerryll’s method is the only way to obtain leads efficiently, but I hope everyone else beliefs him so I can stop getting solicitations! 

Every positive I brought up he had a negative rebuttal.

:)The most important thing in wholesale real estate is to stay sharp on your lead and deal acquisition, as these are the main "products" you're selling.Investing in strong outbound and inbound strategies to find off-market properties and their sellers is the foundation for success.Good luck!

SMS was the primary lead gen.

Keep in mind, if there is enough depreciation (IRA can't take the bonus depreciation, need to use standard depreciation schedule), that depreciation might negate any positive income.

Rarely if ever are the negatives brought up. 

(From what I hear the first property can be very impactful to jump starting one’s real estate journey (or very very negatively impact it,).