There is a tremendous amount of energy around the long term prospects for the Cape. 

Do you have a reliable lender that you work with?

Comparable sales are the most reliable way to determine value.

By staying true to honesty and integrity, we can ensure that private money lending remains a powerful and reliable resource for real estate investors.

We serve plenty of flippers/wholesalers who make around $500k/yr and some are higher.Once your salary is replaced (or a good portion of it), then stabilize the flipping/wholesaling with a great team so it doesn't require as much of your time/energy.

Also, juggling multiple rehabs often means building a core team of reliable contractors and setting firm project timelines.

Yes, prices are high, but there is good potential for appreciation, and tenants are generally reliable and high quality. 

I also used to type very detailed responses and I don't have the time or energy now. 

But power is just too cheap and too reliable.

Key things to focus on include researching landlord-friendly states, understanding local market trends, and building a reliable team (property manager, realtor, contractor) in your chosen area.