Appreciation creates cash flow ... price increases and rent increases go hand in hand as they are driven by very similar supply and demand fundamentals, but most expenses (eg: fixed rate mortgage payments) do not scale as such.

You need to be dominate in your market and the fundamentals of good housing and the viability of real estate in your area.  

Even in computer science, there were debates amongst professors at my old university whether a computer science degree is feasible versus going to a boot-camp to learn fundamentals. 

@Carmelo Lopez I'm looking forward to seeing how this plays out, It will be an awesome opportunity for those of us that use good fundamentals to grow our business.When the last bubble burst it was great for me because I was able to capitalize on all the gamblers who rolled the dice with excessive risk taking and got caught holding unmanageable debt packages. 

You may be able to find the same or similar in another market with better growth fundamentals. 

Most of all, economists say, Japan's experience teaches the need to be skeptical of that fundamental myth behind all asset bubbles: that prices will keep rising forever.

I mean I get there's some level of small detail here and there about time on market/holding costs etc that play into the as much as possible but I think the point stands.Wouldn't the process look like this:Wholesaler gets property under contract (lowest price of transaction)Adds assignment fee (lower acquisition costs, more room for higher fee)Flipper/Investor/Someone buys it (at discount of "market value)They add repairs/profit (lower acquisition cost/repairs, more room for profit)Realtor markets/sells it (highest price of transaction)Collects commision from sale of property (based off sale price).I guess my confusion is what makes a wholesaler fundamentally different than an agent? 

You and I can just chat it out with a room full of hungry, question asking, real estate folk.....talk about how the underlying fundamentals of investment, capital, valuation, and flow/cycle of markets.

I’m going to use any means possible to screen tenants how I want while still being in “fundamental” compliance.

There are so many stories of people going from $100k in debt to millionaire status in this time frame simply by executing these fundamentals.