That being said, if cash flow is what you seek, and it really should be, those numbers don't work.I recognize that I'm ultra conservative and possibly lucky enough to live in a market where I can find buys with my conservative numbers, but here is my math.I want 12% cash on cash ROI on a 15 year note allowing for 30% vacancy and maintenance. 

I think any boasts of "here's how to make $X or X% returns" is crap.

I have a decent savings not nothing to boast about but coming from a low income family it feels like a lot.

Remember they make money on you guys that pay them and never do anything which is 90% or more of the people that engage him. these wholesaling type programs are so location specific... you can go to Detroit and wholesale houses in your first 3 hours there... were you and I live.. its very very tough.. there simply is not the  inventory.you may notice the wholesale crowd that boast of success is almost always in areas of the country that are old mid west rust belt cities were there are literally thousands of targets for you to work... 

I think there are plenty of places to achieve that happy medium, especially if you are the sort of person who doesn't have to live in an ultra-hip part of the country for either professional or preferential reasons.30 was my "retirement" goal, but I've amended it to "as soon as practical" :) For me, that is $30k+ yearly "passive" cashflow, since I can personally live on that and remove the necessity for a conventional job. 

I am a long time real estate investor who invested in Jersey City NJ before it was ultra hot in '97. 

. - Congrats on your success...everyone including myself is ultra jealous on how early you're getting started!

Sniping the ultra-motivated lists is an option, but very saturated and likely you will have large gaps in your pipeline and dealflow.

It boasts 8 rooms that have supposedly been converted to apartments, and the first floor has seen different businesses come and go over the past 75 years.However, there is a fair amount of history associated with the building.  

These require a much higher down payment, are harder to get, and have stricter terms such as higher rates and pre-payment penalties ... these are typically used more at the higher end, more experienced investors, larger and more valuable commercial property, more ultra high net worth investors that want leverage but don't want to put their significant assets at risk.