If you can focus on good investing fundamentals (cash flow, etc) you can patiently continue to acquire even when the market is hot.

Why would you handicap yourself from the start and choose a poor market (Fresno has one of the highest unemployment rates in the nation) over a market with strong economic and demographic fundamentals just because you can drive there.

This isn't fundamentally different than when a mortgage underwriter thinks one thing, but a lawyer says something else, and it's a legal matter... defer to the lawyer.

But great market fundamentals and great price points.

BP has definitely helped me get a lot of the fundamentals down. 

Another theory I've had for Phoenix (it sounds like this wouldn't hold for the Bay Area), is that the fundamentals have only gotten stronger over the last year.

Understand the fundamentals of real estate such as how analyze the numbers and markets3.

That play is executed so now its more likely that I will have to look for strong fundamentals and cash flow than a home run like the prior.

Good provider or not, you need the proper market fundamentals to support whatever you buy.Happy to share experiences or resources anytime if you want to reach out.

Like @Andrew Johnson noted, they start off targeting 500 doors and forgetting about fundamentals.