His company provides the trainers for EWI and Ron Legrand.

@Patrick Murrayi definitely wouldn't recommend choosing a market with negative cash flow, just because you know it - i'd say part of choosing a market where you "can be successful" implies a market where you can cash flow.i live and invest primarily in pittsburgh, though i also have rentals in other states and have a couple other markets i keep my eye on, and the reason I don't automatically tell folks looking to invest OOS to invest in Pittsburgh is because: it's really difficult to invest in Pittsburgh, even when you live in Pittsburgh. 

When you say "find solid wholesalers" that implies finding someone you can trust to bring you true deals.

Would that imply that this bank would have to list the property for auction?

HML usually implies that you've already tried EVERY avenue before going to them to beg, right?

This implies your $50 increase is too low.  

Quote from @Rehj Hoeffner: Are you implying we are "screwing tenants to the wall" by charging fair market rates?

nationally, in 35 years there has only been one crash or collapse not a few - S&P CS index, FHHA index, NAR index, Fed indexes, and a bunch of others. that crash or collapse was the Great Recession. there have been many normal business cycle corrections. asset class corrections get rid of over leveraged investment. i never suggested a crash or collapse in the context of the Great Recession that implies many more problems and failures in house pricing and lending. that is not a correction. i suggested a bear market could mean a significant devaluation in home prices. home price devaluation is not a collapse when there it not material or significant default and foreclosure.assuming real estate assets are income producing, then there would be no need or reason to dispose of those assets. i would not advocate to my clients to sell of portfolio assets with a looming recession.what moron idiot owner would sell for less than FMV?

One investor I know bought some property with title issues for cash, then rented them out for 21 years, then sold and the new buyer was able to get title insurance based on implied AP. 

However, call it a "binder payment"; if you call it a "deposit", this implies you are holding it in escrow for the tenant, and it is theirs by right.At the "contract to hold" meeting, I collect an amount equal to one month's rent.