I can't speak for Mike Dymski, but maybe he just means that you should hold off on comments about how you "can't stand" and "truly despise" investors with a different philosophy, until time has proven that you really do know better.

There is also something to be said for having a hedge, some degree of diversification, as @Tara Wright has noted.I think you can find 5 or 6 really super proven flippers, right here in Houston or wherever you live, and go in with them as private lenders and probably outperform average returns from any mutual fund you might own. 

Howdy All, I wanted to take some time to go over a few wholesale tips that have proven to be extremely useful in the markets where I operate.

However, depending on where you are located, the local jurisdiction may give the landlord probably cause to evict, if in fact there is proven drug activity taking place. 

My cash flow math isGross rents - 30% (vac, maint, and capex) - PITI (principal, interest, taxes, and ins) = true long term cash flow.I recognize that this math does not work in many areas of the country.

I like to think I'm realistic about this stuff, recognizing both pros and cons, but feel free to disagree if ya like!

I never recognize the addresses.

The forced Equity you create from the rehab will not be recognized on the refinance. 

However they are not recognized in every state.....so that a place where state specific issues can come up.

They will recognize it's still a good value and that it's cheaper to stay put than to try and move.