Some crusty old landlord told me back in 2002 when I first got into this racket, that to achieve financial freedom all I had to do was figure out how much I needed to survive every month, then get that in net income from rentals.

The market right now is a racket and extremely difficult to win bids or get deals (unless paying cash of course).

That might be a bigger racket than HOA management. 

I am sorry, I have 0 sympathies for that racket being broken.

playing racket sports like tennis and squash and playing my guitars.

When you are ready to get going forget wholesaling... it is a scam/easy way out racket that will get you nowhere fast. 

This is part of a whole racketeering scheme in which a City official approaches you to buy your property for half of the market value.

tennis player john McEnroe was angry smashing his racket which seemed to improve his game. 

They are essentially running a racket.

I don't claim to be tax savy although I'm seeing more and more the importance of learning how to navigate the racket that is the IRS Tax system.