If there's a family member or friend in a similar situation, and you can both align on the initial plan (location, home type, price, usage/occupancy, etc) you can pretty easily get a co-ownership agreement in place and even a joint mortgage.The benefit here is it might open up your ability to buy a larger place in a nicer area which could lead to a faster rate of appreciation and overall better living environment. 

The audience is pre-disposed to believe. 

The 70% rule is reserved for talking points by the guy on stage talking to an audience who they’re trying to sell a coaching program to   It’s a get excited number not a do a deal number   The equation is: maximum of 65% of AS IS value.  

But as a new investor, sometimes this advice leads you to only have cheerleaders in your life.

However, if you're a W2 high income earner or business owner, I can't imagine it makes any sense to flip houses, mail mass post cards, wholesale, or build lead gen websites with the value of your time being better spent other places (such as learning about real estate and increasing your income through proven means), such as at your 9-5pm or growing your business, and your real estate is a long term process and you don't need "home run" deals to qualify or make it work.

Brokers either get leads through a network of brokers in other disciplines or organic contacts.

The problem is, everybody puts together deals they think are good, but in my experience as a lead underwriter, asset manager, and now fund manager, I throw out 99% of deals that are put in front of me.Listen to podcasts about passive investments and how to conduct due diligence as an LP. 

No matter what you do I think you are going to have guests point out that something isn’t working which could lead to annoyance or requests for refunds or bad reviews.Plus, providing bottled water over the long term probably isn’t going to save you much money compared to paying a plumber to get the fridge connected. 

The one I am speaking with currently has not offered up any sort of contract so I am taking the lead on preparing something.  

Making a well-rounded decision can lead to long-term success in real estate investment.