But on this specific guy, I jumped on a call to explore the program and it was a high pressure sales call, it did not feel organic, not trustworthy and certainly did not feel the right fit.Why would someone spend 10k on a so niched-down space of real estate when they can get someone for the same amount to teach him/her everything?  

I just meant to say that it's our next goal to build that up, having just gone on a spending spree on fixing up both properties in a short period of time.

I hate having to write all this but I feel bad for all the people who have given Ryan and Tyler money they don’t have to spend after listening to his high-pressure and very unrealistic sales pitch about making easy millions.During the high pressure sales presentation they pressure people into finding ways to pay for their $35-40k program.

Run your numbers based on youre required return given what youre likely to have to spend and the amount of headache, risk, and work you have to do.

Obviously if your portfolio is smaller you should spend less.

As a starting point: -If they work full time and make $700k a year -Don't want to or can't spend time self managing a short-term rental -Don't have a spouse who wants to take the lead on managing the rentals They are likely not going to directly reduce their taxable income with real estate year-to-year. 

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

That's understood.Page 19, Two faces of Debt: Federal Reserve Bank of Chicago - "banks exchange a borrower's "promissory note" or "security" for a check that other banks can deposit" (so the note is funding a check) same page states, "...the borrower can spend the deposit acquired by borrowing"... 

You want to learn from people who are spending most of their time actually doing deals, not marketing their courses.Being resourceful will get you far in the real estate industry.

Stock picking is gambling pure and simple.