There is no substitute for being physically present with experienced investors.Let me know if you need any help finding other resources to help you get started!

There is no substitute for being physically present with experienced investors.I'm always happy to help point you in the right direction for resources or tools on BiggerPockets that can help you with your REI goals!

I will start wholesaling next year and will be in the same boat as Joseph was because I will not have a job (outside of substitute teaching) so I will have very little income, but do have a pretty large amount of cash saved up just in case.

As someone who works as a commercial GC for my day job, I'd say it's certainly possible to substitute yourself as the GC.  

He proposed the following:1.We get blanket loan of $150,000 - $200,000, net out 2 pts up front, 12% interest from day received at title2.Money is in title company and interest starts day 1....continues until paid off in full and closed....SAME MONTHLY PAYMENT IF THE MONEY IS BEING USED OR NOT3.We can also use it as POF / exchange properties in and out w/ approval4.Place security against properties as needed with mutual agreement and email only needed to title to authorize substitutions5.When we sale property, money goes back to title to be used for new property...W/ APPROVAL6.New property identified, money released to Seller (at mutual agreed percentage)7.1pt on that release amount pd to John to cover his time for sending the email authorizing it.....SO EVERY TIME WE SUBSTITUTE A NEW PROPERTY YOU WILL MAKE ANOTHER POINT ON THAT NEW LOAN AMOUNTWhat are your thoughts?

Land can never be substituted, you have to be someplace to do business or it takes land to support your transaction even if land isn't the subject of the deal.labor, capital and management or entrepreneurship can all be substituted, with more of one thing you may need less of another. 

If it's due for auction, you could also make a deal with the substitute trustee if possible that's either listed on the Notice of Sale or the auction site.

While any FHA lender can Try a 203k, there is no substitute for experience.

This is the reason why NOI, as it is used in the definition of Cap Rate, should only include operating items but should exclude debt payments and capex.I see that you may have used the term “Leverage Adjusted Cap Rate” as a substitute for COC which is a metric that does take leverage into account.

Finally there is never a substitute for making sure your numbers are correct when evaluating the deal.