Not a lot of people get that large of loans and the sophistication required to underwrite them isn't something you find everyday. 3.

Wholesaling is a wild west, if you work with people you trust, fine, but there are also bunch of scam artists/liers out there, the less sophisticated buyers can get hurt easily if they don't know how to screen wholesalers2.5 same as every other contractors, handing out flyers, door knocking.

Go to your local casino and put it on black.

Looking for insights from more experienced and sophisticated investors / developers to help me avoid rookie mistakes. 

The Choctaw casino is on track to be completed in December, which is a huge positive for the area.

Land is many times more risky than housing, but can have a larger upside for sophisticated buyers.  

Please don't post your scenario in this thread, use this when making your own thread.Your goals and story: What are you trying to accomplish, how are you trying to accomplish it, and what hurdles (if any) have you faced.Type of property: Single family home, manufactured home, RV/trailer, multi-family (specify unit count), mixed use (specify resi v commercial unit counts and approximate square footage distribution between the two), hotel, casino, mobile home park, other (specify).Location of property: State at a minimum, county better, city would be nice, zip code if you're comfy sharing. 

I don't own properties there, but from what I understand: lower price to entry, higher cap rates, less sophisticated investor ecosystem (this could be good or bad).

I have also found that less sophisticated investors especially those who have not been through 2009 are much more conservative and are not comfortable investing in anything right now. 

But the real deal was the Graton tribe bought the 230 acres across from us in a land assemblage took 15 years wrangling with the state and ended up building the largest Casino in Northern Ca right across the street from us  :)  and the City brought us into the city limits and up zoned us..