Go ahead and blow some money and your credit buying a property you've never seen in a market you know nothing about.

Security deposits soften the blow of tenants that stop paying or vacate before end of lease.

Right, because rather than give the actual correct answer and suffer the blow to your ego that you've been doing something wrong for decades, you'd prefer to take a swipe at my ego.

On the other hand, if cap rates remain stable and you sell at a 5 cap, you'll be ecstatic because you'll blow through your projections and post all over BP what a great deal you just did and why you are the best investor that ever lived.Now let's say that you underwrite to a 5% exit cap and you are satisfied with the forecasted performance. 

I have seen a QI completely blow an exchange on several occasions. 

And if so Did you blow through that number of days or did you provide the financing denial letter before those days expired?

If you are going to wholesale the property, try not to blow smoke and say you need to have your partner come look at the property before closing - you are wasting the seller's time and many have been burned that way. 

At the end of the day, they will tell me which way the wind blows.

At 250k, that's 6.7 and 7.6% return blowing away most investmentsDrawbacks is that the income is based on tourism which has been great for the last decade minus covid lockdowns. 

There is so many ways the Ramsey method is proven bs that it just blows my mind how so many still feed into it.