My last question is what language do you include in your yellow letter" to grasp owners attention - my purpose and intention is to inform said owners that I will buy their home for Cash, quick close, no appraisal and no hassle.

I have been researching wholesaling and I have a pretty good grasp of the concept.

Myself being young and hungry for knowledge I appreciate you very much for your insightful, thoughtful opinions and examples.Question:  I have a decent grasp on the ROI concept but I have a question on the ROE.  

At the very least, you need to read up on your local laws regarding tenants - you should never have your tenants telling you what the laws are .. and then you not being able to confirm or deny it - they can sense that you don't have a complete grasp on the law or the procedures so they are taking advantage at every opportunity and have been bilking you for months.

The reason you are reluctant to jump in is hardwired into you, self preservation, common sense, you actually recognize you're not ready to jump in with a good grasp of knowledge to risk your money.

For reasons I don't fully grasp, most of my tenants (5 units) have turned out to be in their twenties.

All opinions are welcome and especially from those who have a grasp of the community like you do.  

I took the Georgia 75 hour pre-license sales course back in 2000 to get a grasp on the industry, never had the intentions on becoming a Realtor.Now I'm looking to open a Property Management company to manage my own rentals and to provide PM services for other investors.  

@James Cash, I completely agree, the Kiyosaki books helped give me a much better grasp on investing and looking past the paycheck of a job.

I can't really get a good grasp on how to start off.