They are usually operating illegally (brokering without licenses), marketing illegally (SMS and call spam, ringless voicemail, bandit signs, etc), their business model basically relies on taking advantage of desperate or naive sellers and taking a chunk of their equity without the seller knowing, which isn't very respectable, and frequently just being useless clueless middlemen using magic 8-balls for estimating rehab and ARV numbers.4.

I currently live in Charlotte, NC and I’m tackling a particular lane of real estate that hasn’t been taken advantage of to its fullest.

So by this logic, email marketing doesn't work because of spam filters, direct mail doesn't work because of the dog that chases the postman, and word of mouth doesn't work during cold and flu season?

If I were to flip and sell for $115k, I would profit $30-35k, minus closing costs...I think.Would I be crazy to combine funds from both investors to tackle this?

I know new investors like thinking big and market to the masses, lick stamps and cram spam, but you better learn how to net work in your market area, build personal relationships as the very best advertising in RE is word of mouth, referrals!

Let's tackle the NYC area together!!

Think again about my strategy to tackle three states at once, as asking realtors in each state to help me is not fair to the two of them who end up not getting me the next deal (at least until I can afford to do three simultaneous deals)4.

After this I plan to tackle some of the suggested books from guests on the Bigger Pockets Podcasts, such as E-Myth, Rich Dad Poor Dad (I've liked one of Kiyosaki's others that I've read), and much more on the topic.As I don't have the money to immediately begin down this path, my aim's to learn as much as I can so that I may attempt to avoid the common mistakes.

It's a whole lot of SPAM. 

@Richard Rodriguez Properties that need this much work are common for rehabbers to tackle in my area.