In my mind this is the "sweet spot" for a first property purchase.

I own a 4 bedroom home in a college town that I am looking to rent next year for the 2016 fall semester, so I have some time here.The town has an ordinance stating that every tenant age 17+ needs to have a parking spot on the property.  

Let me know if there are better spots, times, etc.  

. $400, $450, $525, $400All units are 2/1's, with two (if I remember right) covered parking spots behind each unit.Sits on 2 separate lots (2 triplexes, 1 per lot)2014 rent gross was $18,5752014 Expenses totaled $14,098Net cash-flow was $44762015 up to Sept. 1 gross rent was $22,477 (guessing they changed rent on at least one unit)2015 Expenses total $8839Net cash-flow so far $13,6162014 Expenses seem high.

another thing - One time, they mentioned how they have partners who invest all the money and then they split the profits.magically, there was no mention of that when their "profit" was listed at the end of the show. there is so much that's not listed on this show that is reality. but the craziness of the business is spot on. that does happen.

They use the account information to have checks printed or make electronic payments beyond the limit of the account, after priming the account with deposits for a period of time to get it into a state that the bank tends to view as seasoned.

Cannot speak to how it originated (spot check or envious investor calling in) but I know of a case where someone did "drop in" to confirm that an owner-occupied home was in fact owner occupied.

@Clinton Holmes Ray was pretty spot on.

If it sounds like I’m being hard on rookie (and flat out shady wholesalers) I am, but for good reasons.Investors like you are entrusting them with their retirement money or life savings, so its well worth the time to either water-board them, or at the very least, ask them some tough questions.So here’s the questions, and some tips on how to spot a B.S, answer.Question # 1How many houses have you personally bought, rehabbed, and successfully sold for a profit?

@Marcia Maynard is spot on in describing how you can be successful.