the reality is any where in the nation were cash flow cannot be achieved on a starter investor level or with a SFR that area is prime grounds to sell out of state cash flow.the mid west deep south rust belt and to an extent FLA are the areas of the country were you can buy a single home  ( starter investment) with the least amount down  IE 15 to 30k  and have it cash flow.  

If your goal with buying subject to is to buy something at a deep discount pre-foreclosure, and not because you have no ability to get a loan of your own, seems like it could still be a fruitful strategy?

I don't focus on the deep numbers of these things, just the results. 

I’ve worn a number of hats—commercial mortgage originations, syndication, securitization, etc and was once a CFO for an affordable housing developer using low income housing tax credits.I’ve seen the tail end of the early ‘90’s downturn and was knee deep in the most recent one.

Delve deep into how I feel about it and orient my future accordingly.For those of you that knew you wanted to be an investor; before purchasing that first property what steps did you take to get there?

You must build rapport as you go throughout the entire meeting with the seller.I really want you to spend 5 to 15 minutes upfront building rapport before you move on to step two, but that doesn’t mean you’re done building rapport.Throughout the negotiation you need to gauge your level of connection with the seller, and look for opportunities to deep in this connection.

For a wholesaler to have a real shot at reselling a listed property, they would have to acquire it at a deep enough discount to pay at least four people: 1) seller 2) agent 3) wholesaler 4) investorIt better be a big pie or there will be skinny slices. 

This is because the unknown water looks so deep and murky; however, the biggest advice I can give you is take a look in the area you live, or an area that is a little more affordable outside of where you live! 

I think what you are feeling is very normal, so take a deep breath and relax.Did you pay cash for the property?  

I kind of love that area, and lived in warehouse in deep deep oakland for a while in my 20's.Recently made a long slow timelapse drive all the way from 4th and international to 580, and then back again.