Outside equity capital is a necessary ingredient.

Atlantic city seems to have the ingredients of a successful urban district.

And the last important ingredient, vibrant tenancy base. 

Every aspect of a transaction could possibly be an important ingredient. 

Those are fairly key ingredients in making this strategy work.Did you have any trouble on your first BRRRR?

Good stuff - sounds like all the ingredients for a solid wholesale - everybody gains!

I can buy any property at any "high" price and make profits, with 1 magic ingredient; TIME. 

When you have those two ingredients you can scale till the cows come home.You're twenty, I mean you are way ahead of the game already. 

Cynicism is a key ingredient that people have to get rid of and change as it will hold us down.

STR'S are the shiny object attracting everyone's attention right now.People have not done their research, paid too much and are making ingredients very little or coming out of pocket to make the mortgage payment.That said, if you run the numbers and do your research you can find a profitable vacation rental.Turnkey is going to cost you more.Turning a great house into an STR will likely be cheaper but will be more work.Buying a distressed property or foreclose will likely involve a remodel plus furnishing it.