There are the syndicators, I think Inland is one of the biggest, and then their agents, like Kay.  

Then at some tipping point, find new tenants did not stave off foreclosure.Terry well the areas that suffered the most were heavy in new construction and when construction jobs literally stopped.. what were the sub contractors to do.. they had no jobs.. they left the state. this is what happened in FLA  PHX  ATL  Vegas  inland empire of CA.in areas that had no real new construction going on it was other business's that froze.. keep in mine like just in Portlandia we were building 12k doors a year from 92 to 2007  in 2008 we pulled as a metro 700 permits.. whole land use departments of cities and counties were let go.. 100s lost their jobs.. and so forth and so on.. how many of those were renters ??

Sales in the Inland Empire increased 7.6 percent from April and was down 5.0 percent from a year ago.

Although, it is achievable and sustainable by reading, following successful people, having mentors, going to seminars, and building up your empire one rental property or front door at a time. 

While you are just getting started building a financial empire wholesaling is perfectly fine, but in the long run, why would someone continue to find 100k value homes contract them for 80, and reassign to a buyer for 90. 

My one problem is that I love living here in Bonny Doon, and would have a really hard time moving to a less expensive inland location.

I think a lot of times a broad stroke is painted and when they invest and think I'll use all this debt to build an empire, but don't put anything back for a rainy day roof leak.

if I were you, I would buy a beach house somewhere way south of Massachusetts.With the rest of the money, Build a rental empire close to the beach house. 

Obviously, a person making $60K isn't living in Malibu, but there are alot of options further inland, or in other cities. 

I don't contend that we will ever reach 2006 numbers again, but I do believe that something bought inland that is only 65% of peak will incur 10% - 15% in appreciation as people become priced out of coastal markets and the demand moves east.