If you pay more, you won't meet your metrics and will probably have negative cashflow and/or equity.You may have to make 10, 20 or even 100 offers to get one accepted at the price that meets your numbers.This is what all investors did BEFORE the Great Real Estate Crash of 2008-2010.

Your comment does bias me slightly in favor of Indy, since at least we're talking about a manageable car ride.That said, I'd love to know the biggest mistakes you've seen - how do neophytes typically "crash and burn?"

His big secret make 25 offers a day well in the crash of Vegas that could have worked but today come on really ???

At the same time, there's so many people on the fence, thinking prices are going to crash.

@Chris Morris have ALWAYS seen bad "deals" from rookie wholesalers that really don't understand what they are doing to provide value to the industry.It's getting worse because the real estate market has recovered from the 2010 Crash, yet many are still using tactics & methods developed during this time.Everyone in the industry needs to go back and look at what was being done BEFORE 2010 and start using those methods, updating them with current technology.

It's interesting that prior to the Great Real Estate Crash of 2008-2010, I'd NEVER heard of Flat Fee management fees.Not sure who the first company was that came up with them (post if you know!)

Or did they crash into a zoo full of endangered species?

Obviously with notable exception like the crash of 2008 that hit nationally. 

The crash.

Shortly after the crash my tenants learned that condo developers were renting out luxury apartments in the area for around the same rents I was charging so I was forced to lower rents. 1200/apt 2 1050/apt3.