But one of the common misconceptions or words thrown around regarding the industry is "oversaturated".  

@Steve Vaughan its a very common misconception that ONLY an actual sale triggers the due on sale clause.  

Misconceptions and myths keep competition almost non-existent.

@Jeff MeszarosCommon misconception with wholesaling is that it's an easy thing to dabble in and make money.

I have often wondered this also, and @Bill Brandt and @Taylor L. bring up some good points but also some misconceptions.  

Honesty and straightforwardness go a long way toward clearing up misconceptions, which ultimately help you close the deal.Call for ActionGive the seller a reason to close the deal with you.

Another misconception is that because you are Buying in Bakersfield it will have to be a Section 8 property, but our prices are still very reasonable for CA and that may not be your only option.  

I understand the misconceptions about this practice, but I simply wanted to clarify as much as I could.

Seems backwards... but that's exactly the source of misconceptions, misunderstandings surrounding cap rate.Again, a search on "cap rate" on BP would give you lots to learn.Cheers...

The Biggest Misconception: Lack Of Liquidity In SyndicationMany passive investors have the misconception that when investing in a syndication, their money will be tied up during the entire hold period.