I would say 1 in a hundred thousand would have the discipline to ever achieve this anyway.  

I know my local market well enough to drive by a property and be within a few thousand of its market value.

While you could just register a quit claim deed.. if you don't do you due diligence, trying to save a couple hundred dollars  on an attorney overlooking the transaction, may cost you several thousand dollars on the back side.

If I was putting 15 to 20 thousand down I want cash flow and a lot of it.

At this point, you can even knock off a couple more thousand (depending on the bid increment).

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They buy hundreds of thousands of loans.

For starters, you're able to depreciate the property you purchase over 27.5 years (I didn't even know about this gem), meaning that you can actually write off several thousand (obviously that number will vary depending upon which part of the country you're in. 

The problem with laminate is it's very vulnerable to moisture and easily ruined by a careless tenant. 

Long story short, my wife and I have not been able to save more than a couple hundred here and there since we were married, and in our current livelihood we don't foresee thousands of dollars going into the bank over this next year with our first baby coming and all.So getting on to my question.