I never said that, nor did I imply it.

Please don't imply I'm trying to lie.

Does your post imply there were no permits or inspections either?

A numbers game implies that it is 100% certainty that there is at least 1 motivated seller in your targeted audience.If I have a pond with ONLY red fish in it, and you are fishing for green fish (but there are no green fish in the pond), is it a "numbers game"?

Your not a principle at that point in time, and the buyer may be thinking of you as sort of his agent, called implied agency, doesn't matter what you think, only what the buyer thinks.Some smart broker in Ohio should create a central investors realty and have them all licensed for a small fee per deal.

If this sounds interesting, I can point you to a program from a national trainer.

If this long term trend holds true, purchasing in another market is likely to put you further from being able to purchase in San Diego (implying the appreciation will total more than the appreciation plus real cash flow from these other markets).  

You only need one umbrella policy, as the name implies, it is umbrella coverage for when all of your other coverage is exhausted.

As to the immoral or unethical, consider that the buyer is NOT A PARTY TO THE DEED OF TRUST; never executed such and never stated or implied that he would or wouldn't agree to its terms.  

Sure, the newer units will rent for more, but it doesn't imply the rent will drop for older units.3) Absolutely - and this is where the Bay Area, in particular, gets hurt.