@Brandon Turner has discussed this often in the podcasts: sometimes your time is better leveraged focusing on the strengths - and if your strengths are in excel and crunching numbers, you should be able to run the numbers on a lot of deals to find the good ones.

As long as I crunch the numbers properly, and the math checks out, the market is not really going to have a big enough impact to change that.

Or, maybe its just because development has ground to a halt with the credit crunch and real estate collapse.Urban Land Institute has a series of books on various aspects of developing.

I can't see myself keeping $2M in cash with a $20M portfolio either....but I could if I had $20M of DEBT...or at least $1M.I always have erred on the side of keeping the money working and making up the difference on lines in cash crunches too.

A lack of capital is not unique to amateurs with the credit crunch in my experience.

Being that I do the work involved myself, I know of who to hire in general, but some who you think would be good at one area, really isn't, example: Hiring a CPA to do the number crunching may not sit so well.

each person will give you a different response. depends on your experience, your skill level and your number crunching abilities.i'd do 10-15 cosmetic rehabs before jumping into a full gut. the margin of error is huge on the gut jobs. you may lose your shirt, credit, marriage, etc if you "think you know what you are doing".my honest opinion...what's all.

It’s like you have to crunch tons of information before coming to a solid conclusion. 

They can also give you the number of nights their condos and cabins rent each year so you can crunch the numbers and see if it’s a good enough ROI...that’s what I did before I bought there.

Even if you crunch your own numbers, which you should, knowing that your wholesaler is doing the same you can at least ask questions and force them to prove their numbers you shouldn't just discount their numbers entirely, use them to build your number and your data.Here is the major factor, KNOW YOUR SOURCE, if you wouldn't trust them with your wallet don't trust their deals.