The workshop shows how SDIRA owners can earn double-digit returns by owning real estate as a bank. 

Looking at the long-term picture I just alluded to though, that wouldn't be my preferred investment vehicle.

It isn't impossible but as @Jimmy Lieu mentioned, there is a steep learning curve.Depending on your liquidity, out-of-state buy & hold rentals could be your best bet if NYC investing is out of the picture.

Wholesalers might avoid licensing to reduce perceived risk, though this is a double-edged sword since wholesaling has its own legal pitfalls.5.

Which is more profitable: an assignment or a double close, and why?

Verify and double verify with the applicant that the information they have provided is correct and that all income is verified and all adults will have a background check. 

In short, my membership fee bootstrapped me such that I have more than doubling my net-worth. 

The way I saw it, I got paid to earn an invaluable education even if at the time it seemed it was half the pay and double the work.

So the profit is estimated to be around 130k to 190k for an investment of 1.14 million which creates about a 12 - 17% cash on cash return.Lastly, here is a pictures of the 3rd and final property that I will be buying with another 6 investors.   

  $36k - $16k = $20k or $1,600 per month net income left to cover all other expenses...same as above.Median household income in the US is over $80k or more than double these two zip codes.