We want the system to work so much And therein lies the fundamental appeal, and ultimate trouble, of get-rich-quick (GRQ) strategies.

And that guy was not the most financially qualified tenant I got ... most of them had higher W2s than me :) Damn, I shouldn't have sold that property :( Actually, for SoCal looking at the interactive maps in the original article linked (which are super cool BTW), I got the impression that San Diego may be slightly less overpriced than LA or Riverside as it has not gone as crazy in the recovery and the market fundamentals of supply, demand, jobs, etc. are every bit as solid as far as I know, unless somebody else knows something that I don't (entirely probable).

So I would look at these fundamental data rather than just see if prices have increased year on year (which just indicates the gross income is getting worse)Would you add any criteria?

Fundamentals that incorporate MY ideal placement in the transaction. 

The downward spiral begins.There is a fundamental truth about "Quality".

In other words, I'd rather have 30 years of lower monthly payments and a couple years of working hard to repay the HELOC, than have 30 years of higher payments and no HELOC.Perhaps my thinking is fundamentally flawed, though...?

Had my atty look over the contract yesterday -- he agreed that the relo contract had some fundamental flaws.  

This approach has been most famously utilized and institutionalized by Silicon Valley, but fundamentally it's all about relationships.  

My apologies if this all seems fundamental, but it may assist in providing me clarity into the facets of revenue that are possible as an agent/investor.

There is really NOTHINGto think about there.Either you already KNOW what is a good deal or, you DON'T - in which case you need tomaster the FUNDAMENTALS of wholesaling FIRST.When you make your offer:1 - NO contingencies!