To clarify: I had a very detailed statement that broke down all expenses, so I know exactly what the 74% entails.

The two assertions are independent, and one has no bearing on the other.

I assume they don't unless/until I have evidence, but I would never assert that they don't because you can't prove a negative.

Sure, we'd like to have a do-over button, but for Gates to INSTANTLY assert he was a target because of his race shows his inner feelings.

I stand by  my assertion that Wholesaling IS LEGAL in all 50 states, Can it be done in an illegal way?

Hi @Sam Guarnieri, this is an interesting assertion.  

Lets just say both of my properties cash flowed from day 1 with a 25% down payment so yes I can ignore your silly assertion that you need 52% down payment to break even. 

@Ned Jackson  you would be shocked at how quickly tenants can trash units.also lets look at this logically.your a local PM you own the company you have 500 units you manage.. that will entail a secretary ( usually out source placement for a fee to the real estate community maybe a combination) you have a full time maintenance guy maybe two.. but at most you have 4 employees.now vacancies being 5% generally in any market your dealing with 25 turn overs a month.. but lets say your market is spectacular and you only deal with 10 or 15 a month.. those are going to be time intensive they require full inspection.. section 8 which takes time to coordinate if your doing those. get bids talk to owners etc etc..

Do you know how many properly assertive, macho types would never do that?

If these concepts sound mundane and unappealing, you would not be alone in that assertion.