Those fat margins can be very tempting, but there is a reason they are giving it away!

One month for permits, three months for construction (but likely four to five), and then sold within another two months.Comparing the building department in Oakland to Berkeley: We acquired a lot in Berkeley, and that one is going to take a nightmare-ishly long time to get through the building department, but the profit is fat enough to be worth it.

@Mindy Jensen Collecting baseball cards became a really popular thing in the late 80's and 90's so the market became saturated and the value went down.  

The problem that I am having is that a) are these markets too saturated?

I would stay away from student rentals in KWC, the market is completely saturated with high rises and its getting tougher and tougher to fill vacancy.

It's a good way to get an edge especially if you're willing to work in the suburban areas that are slightly less saturated anyways.

Good luck with your plan, though I should warn you that New Castle County is somewhat saturated with wholesalers.

I'm in the Tampa Bay area and it's pretty darn saturated with investors here so my list is probably getting quite a few letters other than mine. 

Isn't that market becoming a bit over saturated with so many investors?

My reservations are that it will be difficult to find a location that isn't already saturated.