Those are widely different investments requiring a different set of management skills, operational philosophy, and risk assessment.

Wise choice in a hot market and kind of hard to go wrong long term...perhaps check out BP Scott Trenchs book, Set for LIfe as he has a whole system/philosophy for doing the house hacking deal. good luck! 

My personal philosophy is to only rely on the factors which you have a direct impact on - cash flow being the chief one.For myself, I would never buy a turnkey rental in this market, because the length of time it would take for you to recoup that cost is insane. 

My personal philosophy is to use 2nds to "make money".

This enables all of us to make a very good living if we follow up on leads and be proactive.James, In terms of getting listings, I have always been of the philosophy that you just have to be smarter, and work harder than your competition and ALWAYS ALWAYS ALWAYS answer your phone.

Somehow, the thread became bifurcated into a discussion of personal philosophy of how you treat people.

My philosophy is that the more you get to know any of these people on a more personal basis, the more willing they are to help you!!

As a not-a-complete-noob-but-not-very-experienced wholesaler, my philosophy and what I state to the potential seller is  --->  I am not coming back and adjusting the price after we agree on it.  

I don't want to make more money to save more"- Minh Le     Great philosophy 

I can only imagine his skill, ethics, and philosophy runs in the family.