Someone retired can live very comfortably off of that.Someone in their 20's trying to quit their job and go real estate full time is generally willing to take on massive headache properties for perceived higher yields to try to build up ongoing cash flow so that they can sustain themselves and break free from the rat race.    

On a a/b/c level property, you wont get a massive discount AND be able to buy using FHA. 

The rate of home ownership had nowhere to go but down, which thus increases rental demand....but it's not been a massive increase.

Just know that there are many wholesalers in your market so you have many to be available to potential customers and act smarter than most others.I have been reading one of Grant Cardone's books right now about his sucess and he explains that sucess is not limited and massive action will help you.  

What he really talks about is taking massive action and always plan to deal with more than what is expected.He is a real estate investor who is currently very sucessful.  

With an education resource as massive as BP it is important to make an effort every day to stay focused on your goals, and not be distracted by the immense amount of info that is available.

Hopefully with a little education and a lot of massive action you will have great sucssess. 

@Jim Cran arent you paying massive (like >50%) taxes on the flips since you also have to pay the 15.3% self employment income?

Patrick Hi and Welcome all your Answers are on this Blog I would Recommend to get a Mentor But I would also Recommend you take massive action an join your Local Real Clubs in your area an network Connecting with Other Investors by calling the "We Buy Homes" Signs Hope that Helps.

Average consumers "buy high and sell low" because they don't understand how this stuff works.Entrepreneurs get it right and "sell low, but buy even lower".Not sure just now who said it (Warren Buffet?)