Homeowners buy on emotion which leads to holes in their pockets while investors look at the numbers.

The hardest thing to do when you see everyone buying and talking about the home run they just scored but a disciplined investor should use common sense and numbers, not emotion.

There are actual warm-bodied owners with actual retail mindset emotions on the other side of the negotiating table they will have to buy from. 

There is something about this topic that is bypassing logic and tapping into deep emotion for its transparently spurious false-equivalency arguments. 

But Don is by far one of the top 5 on BP in non emotional hyperbole etc postings and is a wicked smart business man  better to get to know him is my advice.  

So, we find the situation emotional and difficult to do any work on it.

I have always been a proponent of free market solutions to real world problems and there is no emotion involved in the calculation of economic equilibrium.John’s situation is a reminder that the hardworking people who service America will increasingly struggle to afford life’s basic necessity of shelter, and this reality has second and third order economic effects that reach far beyond John.The affordable housing crisis is not just about struggling blue collar workers and single mothers….it threatens the stability and economic prosperity of our entire society.

I am actually in the middle of discovering that process myself, and it has been a roller coaster of emotion, but I have started feeling experiences of how trust in other people can get you achieving the objectives faster than we think.I have got several off-market deals in Central Texas currently available, and can help you learn a thing or two about our market down here, and more than happy to refer you to folks in Illinois.

I also don't believe that you have to start small with a 2-4 unit, plenty have started in the range you are looking for and that may make it easier in some ways as at least these units are designed for cashflow so you don't have to compete with emotional home buyers when looking for a deal.

These are all emotional reasons and are not necessary to get started as a wholesaler. lastly, one of the big reasons that you'll hear to start an LLC is so that you can have right offs on your taxes.