I swoop in and buy it for a discount, do my thing to make it more appealing, and ride it hard.

We've bought and sold many homes and it can be a rough and scary ride when you are first starting out.   

They just keep expanding those park with better rides. 

You're a quick plane ride and less than a 3 hour drive away from Toledo, OH.

I'll see if my wife is up for the ride. 

Might as well ride it out and see how things go from here!

Terms:$160,000 purchase price10% down payment3% interestBalloon payment in 5 yearsMy plan was to just make the payments on the land for the next 3-4 years, ride the appreciation wave and sell the land in the same condition.

You don’t have to ride the stock market down.You also conveniently forget the fact that many stock buyers are “buy and hold” buyers just as much as property buyers are. 

Since the the housing market has appreciated so rapidly over the last few years, the wholesale business margins have gotten very thin and will continue to get thinner within the next year or two.If you want to start wholesaling properties with a lot of meat on the bone (profits), I would suggest looking East and Inland towards some of the areas where the affordable housing has shifted to such as Inland Empire, High Desert, Coachella Valley and any other markets that always tend to ride on the coattails of the Metro markets such as Los Angeles. 

Yes, it has been a bumpy ride but the result is not so bad.