Cap rates are a very simplistic value used to measure the much more complicated and diverse economic eco system in each market They allow us to quickly and easily asses the health and condition of a local investment economy, and more accurately predict the future returns on our investments.

Not that it won't work, but odds are you won't get any kind of a quick turnaround or pull some unit mailing list that the wholesaler/flipping ecosystem has bypassed.  

Consequently, they can do what you want to do but faster and cheaper.So if the flipping ecosystem with all of the cards falling in their favor can't find a plethora of great deals, are you really, really, REALLY sure that these are as good as you think they are?  

They don't think about fees, commission splits, etc. and the Million Dollar Listing ecosystem only enhances the perception of a near-infinite upside.

@Kevin Lefeuvre it wouldn't shock me at all if VRBOHomeAway was in the process of changing their process to eliminate the ability to contact the guest outside of their ecosystem. 

Investors AND Agents/Realtors are digging hard enough for it.Let me explain...How can an Agent or an Investor decipher what's realistic when every market, every zip code, every city block is it's own eco system of real estate activity.

I mean, half the ecosystem here has no clue that commercial debt is different than the loan they use for their own home!

It's as though the analytical ecosystem chooses to apply "leverage gains" to 2009 but completely avoid ever talking about "leverage losses" from properties bought from 2003-2008.  

I think with how large Airbnb has gotten there's a better understanding of the eco system that it's created and more landlords are willing to allow subleasing for this purpose.

That said, I know a lot of people here do it the opposite way but where I invest is a pretty small ecosystem.