It's a good supplement to BP, books, etc in that networking locally is an important aspect of meeting the local players, forging potential partnerships, learning about opportunities, etc.  

I'm not a player on 4 units as those are residential, but on commercial loans I'd like to think I'd be an asset.

Just like owning property out of state boils down the the PM those are your critical players.

After building up enough profit from wholesale deals then that money can be used towards other investment strategies.This isn't a perfect analogy (mine never are :), but when someone says they want to start out wholesaling in order to raise capital to do other types of investing, that to me is no different than saying, "I want to become a professional baseball player so I can make enough money to buy box seats for my favorite baseball team."

Take your time and learn the game and the players.

Still i think i need to get little hands on (with full time job) vetting many players in the process.

I can see there possibly being an issue that bigger money players will be looking for much smaller returns as they are just sheltering high income earnings until retirement.

A good TK player should leave some meat on the bone to make the investment attractive so that that investor will come back to him for more--- They can still buy right, get a good return and be passive.

I went with my clients and other investors. they are fun to watch ;) you do realize the same players bid ;)these are my observations, this took place in a formal court house, 4 hours long :) 1. most property are postponed or resolved, those up for bids mostly no one bids. and bank get it at cost. 2. bidder vs bank, if bank out bids bidder.. bidder withdraws, bank buys at cost.3. bidder vs bidder, bank waits til highest bid. then steps in, if bid higher than what they want winning bidder get it for end bid amount.4. bidder vs bidder, bank wait til highest bid, steps in and if bid is under, bank bids higher. if bidder withdraws, bank buys at cost.I think it's because bank wins most of the time. the unfairness I felt at the time was that bank wipes out the bidding and buys at cost.

He is absolutely correct that those who fail to recognize that notes are a finance function, not real estate, that it is a highly regulated area requiring expertise that is not easily taught and that these players are taking you for a ride.