Here is a good definition for these two activities:http://en.wikipedia.org/wiki/SpeculationIt fascinates me when Realtors call RE investors speculators.

LOL, Rich, it ain't rocket science.

Stick to within 6 months, if possible, and no more than 1 year old unless ABSOLUTELY necessary.Find houses that are the same style, built in relatively the same time period, have similar features (garages, porches, decks, etc), are similar in size, are similar in number of beds/baths, etc.Adding MLS rules won't necessarily help you find better comps...finding comps is as much an art as a science, and it requires more digging (looking at pictures, figuring out external circumstances, reviewing DOM and price drops, etc) than just plugging in an MLS search.

Does anyone still want to support that man is responsible when it turns out the science has been manipulated to show a certain outcome.

It was pretty fascinating.

They are rules of thumb that will give you an idea of whether you should continue analyzing and potentially pursue a deal.To know if a deal is truly a deal, you need to factor in all the costs associated with the deal.For example, here is the formula I use for analyzing flips:http://www.123flip.com/education/the-flip-formulaIt's not rocket science, but you'd be amazed how many people don't consider all those factors before making an offer on a property.4.

Wholsaling is not rocket science.

Absolutely fascinated with social media and would appreciate some phone time to discuss as well.Can we find some time in the next few days?

I don't think any guru will be teaching the business side of any commercial venture, they will be expanding basically strategies used for residential/appartments for the acquisition of the real estate, not rocket science, that's why it can be explained in a guru course, IMO.

That's why we need better education in this country...too many people who don't understand basic science...