They didn't pay attention enough to the market cycles which is critical.

Source: http://homeguides.sfgate.com/difference-assessed-v...

Since you're a newbie w/ a real estate license, good credit and a small amount of cash, you should consider:hang your license w/ a broker that specializes working w/ investorsbecome a master @ learning how to use tools available to realtors that are not available to the general public to source and analyze opportunitiesfind experienced investors looking for deals and partner up to learnfind an investor w/ cash but bad or no credit and partner up on a deal where you can leverage your credit and their cashthe last bullet applies on any strategy.  

I believe that I share a common goal with a lot of you in the fact that some day real estate will become the main source of income for myself and family. 

You can probably find private money sources in your area.

Please feel free to either criticize my idea for reasons I have not yet considered.

hi dilyn. welcome to BP and to the real estate world. when i first got started, i wanted to read every book i could, go to every seminar i could attend,   and take  every class i could find. i learned early on that most of these " schools" are shams. if you can walk away from a seminar with more knowledge that you walked in with, great. learn everything you can from every source possible, but it shouldn't cost you a bundle of money paid to a guy who claims to be " making it rich in real estate". lets face it, if he were getting rich by flipping houses, why is he teaching and not doing??

on list source you can sort by equity %what do you guys like to target for wholesale deals?

Originally posted by @Dayron Burgess: what you mean This is going to sound fairly negative, and I really don't mean it to, and I really am trying to give some constructive criticism here, but everything about your post is wrong. 

Additionally, it makes it more difficult for the agent to comply with confidentiality and fiduciary responsibility requirements when acting as an intermediary.I second what @Kathy Stewart said; getting a network established is critical to making sound decision for long distance investments.