I can only speak intelligently about Reno, NV.

Property flipping becomesillegal and a fraud for profit scheme when a home is purchased and resold within a short time frame at an artificially inflatedvalue.

Cash is far to valuable to waste on using it to buy artificial cash flow.

•PM Fees•Lease Up Fees•Maintenance crew markup for turns and non-licensed maint work•Rehabbing newly acquired rental properties for investors•Sales commissions buying/selling properties for investors•In great position to find great deals in acquiring their own rentals, essentially managing these at cost•Using crews and contacts to sell turnkey rentals, and possibly even retail flipping.These activities all work well together and fully exploit the PM's position in the middle of a web of investors.Just looking at the PM mgmt fees and leasing fees is way too narrow, as any half way intelligent business person will quickly expand it to something much more substantial.

You need to weigh in the returns, as well as the tax consequences, as well as the economic state of the real estate, and the asset classes performance overall to make an intelligent decision. 

How would someone go about lending hard money well (intelligently) and correctly?

I worked for more experienced managers that were less then intelligent.

OK OK FINE.. let me spil my intelligence over even more.You CAN NOT look at these 15 people that got a lead due to those rediculous methods and then conclude he it works.What you should do is look at EACH individual and ask them"OK you got a lead doing door knocking".

I always was shown to think bigger, just do it intelligently thank you for any advice

The course was worth its money and I'm glad I went.Rolfe is smart enough not to come off as a huckster.The more important question, to me personally - is trying to understand Frank Rolfe's real motivations for running this university, what his real and private opinion of the state of the market and future of the industry is, and what his larger game plan is.There is the old saying that says that if you are playing a game, and you don't know who the sucker is - you are the sucker.The man is clearly very intelligent, and very clearly has an agenda of some kind - some larger plan.