I am currently (OCT2016) living at my 93yr old mothers home who suffers from mild Dementia.

Would you rather purchase a property prematurely, not have enough funds and suffer from consequences or be financially secure, ready and then go for the right deals with safety/security?

Execution - If you're only calling or texting one time or only calling texting the owner on the more distressed properties, your results will suffer.    

You are more likely to suffer analysis paralysis because you aren't doing it in real life.

In the old days those we squeaked by on were sold with seller financing @ 10-12% to mitigate the $$$ pain & suffering. 

While X may score on one deal by going around you, ultimately his or her business will suffer. 2.

Hence, their clients and even tenants have been suffering.

In short, it may be more valuable to pursue areas where the cash flow isn't as strong on paper because it's made up for in other problems you avoid with properties in areas that cash flow well on paper at first but suffer from high turnover, a high level of vacant properties nearby, etc.- Check up frequently on the property and conduct walk throughs as allowed by your lease agreement.- Hire a solid property manager who gets paid to keep tabs on the property for you. 

That said hard to say what happens with market but if things begin to shift that is when people who have no idea what they are doing usually suffer the most because they are taking the biggest risks.

The generation preceding will reap the rewards, this one will suffer.