I follow the net worth model in my REI and you'll find it in that book. 

Not everyone (like, ahem, me) is comfortable with that model.

Likewise, if there is every anything I can help with, please do not hesitate to reach out, especially with things like financial models and communications materials; as you can imagine, my day job has made me fairly proficient at those!

All said, it's not a good model in many markets, like mine.All in all, if some bunch does come to your market area and scoops up all the empties, shame on you for being a one trick pony, so, learn real estate!

Yes I have a real estate license, but I prefer to mainly use it to search the MLS, to then find, buy, fix up, and either sell or hold the homes.

Without any equivocation, I support and pay all required federal and state taxes.Now,What I'm talking about is not claiming expenses, not the failure to pay taxes.Claiming business expenses is a choice not an obligation, the savy investor is knowledgeable of the pivot point of claiming just the right amount of expenses versus income and demonstrating that they have a successful businesses model. 

Also,  condos and townhomes have almost identical characteristics so if a model match just sold for 500k.  

Wholesaling without a license is raising a lot of Ire with certain states.. we see that now on BP  Ohio , FLA, CA ,,, I had a client in MS that got a cease and desist in 04 for not owning properties he was reselling and I created a transactional model that kept him legal  IE he owned what he sold.. think it through past the short term money grab.. if these deals are good enough to flip off to a rehabber even after your wholesale fee whatever it maybe .. close on it rehab and resell..  

My research is pretty amateurish, but after reading the first few chapters of JScott's book, I put together a spreadsheet with a recently sold distressed property and four comps (super easy in this case, 3 were model matches within a couple blocks), and it seemed clear to me that the investor had only a slim margin between his purchase price and ARV (bought for 200k, 250 ARV).

The 1031 exchange is a phenomenal tool to build wealth and if you combine that with Multifamily business model and your clearly understand that apartment complexes are valued based on NOI and not comps, you can find high cash flowing properties that will give you 10%-20% cash flow and at the same time increase the NOI and at the same time increased the value approximately 10X the increased NOI.My 3 rules now are 1.