Get to know the game and the players.

Anson shares tips and tricks from his new book, Finding and Funding Great Deals: The Hands-On Guide to Acquiring Real Estate in Any Market .Download to your favorite Podcast player, or  listen right here .

We're capable of flipping a property or doing some DIY upgrades and our budget is up to $500k for at least 2+ bedrooms.

I buy properties that are in locations that I believe have excellent prospects, and I buy only when I have a personal financial position capable of withstanding even a crash to the degree of the great depression. 

I'm glad you've got more stable folks lined up for all the places, and I bet you'll enjoy them more anyway (as will the firethrowers, guitar players and other folks in the community).  

One or two big players will probably take most of what you can find, even as you start getting larger numbers.

I have an acquaintance who is a pretty big player in Chicago and his napkin math showed the ROI similar to yours but we didn't have much time to talk due to the flooding and all the help my neighbors needed.   

While I love my job, my dream and passion has always been buying and holding a portfolio of real estate consisting of single-family and multi-family units that achieve cash flow capable of retiring on.

He's very capable.

Here let me save you the click:"Some parents are very very very well off and are capable of making a gift of a house to a kid," says Richard Green, director of the USC Lusk Center for Real Estate.Green adds that his research shows another group that makes up cash buyers: people in the tech industry."