Its a hot sellers market out there so its hard to find good properties via the traditional mls. 

Hey @Tim Wilkinson,It looks like you've received some good feedback on this one from @Aaron Montague, @Shaun Reilly, @Brian Gibbons, @Joe Kling and @Priscilla Z..The 70% rule ensures you have some margin if you're doing a traditional flip in an average price range.

You bring deals like that to your buyers list and they will make you rich.  

Just submitted my first written offer for a non traditional owner finance purchase. 

And you don't have to use the hard money if you have the cash they will just take a bidders fee.So what this has done in our market has created massive competition because their target market is newbies.... lots of people with good credit and 50k who want to get rich buying forclsoures.. at the end of the day people will have different experinces with these from losing money.. to breaking even to make some money.. but no real big hits.. they market to these folks showing them a % return on the 20% down they make .. so if they can make 20% return or better on the down payment then people go for it..

@Brendan MorinKiyosaki mentions in Rich Dad Poor Dad that his wife wanted a new Benz so he bought real estate and used the cash flow to make the car payment.  

A little background: I have four traditional loans right now and have found a lender that will go up to 10.I walked through a Fourplex today that I would like to get a traditional mortgage on.

Once you get up into those numbers, I'd suggest looking at traditional commercial financing. 

I read almost all the Rich Dad's Advisor books, and earned my real estate license.  

I am definitely inexperienced so I am thankful that I can rely on you guys for guidance.As a side note, I ordered "Rich Dad, Poor Dad" and "The Millionaire Next Door" which should be here tomorrow.