The disadvantage of Wholesaling would be ...it's not long term (plus its a job) unless someone uses it as cash accumulation machine on the front end and use that cash to invest for long term Buy&Hold.Thoughts ?

No program can achieve an accurate analysis of RE until we have machines and programs that match human intelligence.

True this is not a huge CF generating machine - but its not bad for relative to my alternatives (renting / buying SFR) - the biggest risk (which will sink or make me fly) is the condition of the building and the expected maintenance/repairs - hopefully I'll be able to get a knowledgeable inspector with me to assess things thoroughly.

I have a customer that just had Verizon build a small cellphone receiver on top of the multifamily building that he owns which generates income for just being there. vending machines, billboards, ATM,  Who pays for water?

I wish there was a time machine I could jump into and go buy up all the cabins in Tennessee.

Most of them, it's either a cash out refinance from some other property, gift from family (which could be that cash out refinance on Mom's San Jose home purchased 20 years ago at the 1998 price), lucky IPO (if you want $10m, it's actually really easy to do: build a time machine and go become one of the first 50 employees of Facebook), etc.

All they would ever do was come in with a shampoo machine and suck the water out but it still smelled and they never replaced the carpet.

Pete called Space Machine.  

You'll learn the answers to questions you don't even know to ask that way and start to learn all the mechanisms behind the machine.

This is also an A neighborhood with C-/D+ property and I have J Scott's book, but he doesn't delve into multifamily over 5 units.Once renovated and updated to 2015/2016 standards with A/C, new windows, new flooring/carpet, renovated kitchens & bathrooms, paint, new decks for upstairs units and new patios for lower units as well as upgrading the laundry room with new or newer commercial grade machines.