After listening to countless BP podcasts I have often come across the topic of "systems".

I have watched a number of podcasts and read countless forum posts.

I’ve done countless research on wholesaling including reading blogs, listening to podcast, and watching YouTube videos.

Due to being a complete novice on the topic; I have spent the last few months reading books, attending webinars, and countless hours of driving while listening to podcast.

I’ve read many books on RE and have watched countless webinars but I’m more of a visual learner.

I have met countless charming people in the USA who were so bent they couldn't even lie straight in bed.Going and meeting them and looking at their houses is not due diligence.

Within our region there are countless small municipalities and neighborhoods, since all real estate is local I'm sure most of us aren't intimately familiar with all the mini-markets within our area.

It allows you to diversify into a portfolio of homes as opposed to putting all of your proverbial eggs in one basket.Be cautious tho as over the years I have witnessed countless investors buying properties in crappy areas, for more than they are worth and being passed on to crappy property management that nickel and dimes them to death (I guess all of those 15% "awesome" paper cap rates and promises of financial freedom aren't that awesome after all...)This is not just true for real estate deals but life in general (Your "piece of paper" degree does't necessarily dictate success in your chosen profession or your business)Real life experience is different to what any "piece of paper" says.In all reality guys it takes time to build financial freedom, and the more you can diversify your risk across multiple properties in your portfolio the less risk you bear in the long run.I may not be the smartest Aussie you have ever met, however I do understand a few basic rules that I follow on every acquisition I make.Strength in numbers, cash only, patience, and discipline.Let's talk about Strength first.Price point plays a big part of "strength in numbers" as it is safer to acquire 5 homes for a total of $350,000 as opposed to one for $350,000.What happens if "that one" property goes untenanted for 5 months?

This has also been asked countless times.

I've been watching countless videos and numerous hours listening to Podcast.