They make the big bucks because they have perfected their game and they continue to work in their chosen field.Do not assume that always doing something new is anyway connected to doing well.

His chosen career is a chef, has been for years. 

Things to consider when choosing a SDIRA custodian are customer service, knowledge, experience, and processing speeds, as they will be integral to ensuring that the investments you have chosen to self-direct are facilitated efficiently.

Some lenders and brokers hide the fee's/costs in the term 'Discount for rate chosen".

They can do this because they have chosen to abuse their clients' trust and not to inform the buyer of their rights. 

Choose an area that you believe would have a lot of your #1 choice and become the expert in that area for the chosen #1. 4.

@Tim EhlersI live in the NW, and while prices are better than LA area, I still found the barriers high enough that I have chosen to invest entirely out of state. 1.

Or, the seller just might have chosen another offer for some other reason.  

I have chosen somewhat recently to direct my attention toward single family flips but keep getting some awesome deals sent to me through wholesalers in the area.

You are not still getting a 10% ROI because your principle payment is your cash that you have chosen to invest in that property (forced by bank or not) you could refi that cash out to invest elsewhere are you could sell and invest the cash in something else.For buy and hold RE you should use return on equity (ROE), that is value of the property minus the amount owed.