It's only the gurus who make it sound like there is a killer deal in every neighborhood under every rock you turn over.

I wouldn't consider section 8 to be a killer location by any means.

To me it is perfectly fine to wholesale a place off of MLS if you have a good deal.The POS that was shown in the original post is just some jerk marking up something that was probably overpriced to start.I have wholesaled listed places but I got a killer deal and passed on a deal that was awesome for the end buyer.  

I've seen some people get some killer deals but unfortunately I just don't have the time to research and inspect every property. 

That's the 30,000 ft. overview, and obviously, raising private equity and  matching it with a killer deal is an art, and requires MUCH more homework than a simple forum thread will contribute.

Thanks for all the comments.Yes, ideally I would like to have two furnaces but again the cost for it is a big cash flow killer.

The best deals were ones I found on my own, off MLS, non-auction, through word of mouth.The problem is, without significant marketing, its challenging for me to get killer deals more than once a year or so.

Probably the biggest deal killers are roofs that have been leaking for a long time causing damage to roof structure, ceilings, floors and supporting structure.

Given it is in San Diego and we have such a killer interest rate, I'd hate to look back and think that this was a short-term bad decision.

I am looking for what I call "deal killers" that likely cannot be overcome.