Someone will have to build the first one and lose a little money.  

I have said over and over again that EDUCATING people to be successful costs money and time.If I make 400k,500,600k a year income and I take time out to help someone with no monetary benefit then not only am I not getting money from them but I am also losing money because my income goes down from not putting time into income generating activities.That is why I love Bigger Pockets because you can drop knowledge 24/7 and it's up to the reader what they do with what they learn.To expect a local investor who is successful to spend hours on end for free helping people make money is not realistic.

MIDDLETOWN, CT (WFSB) - A Middletown mother thought she found a home for an irresistible price on a trusted real estate website, but she wound up losing $800 in a scam.Lisa Garcia, who is a mother of three, had been sifting through ads on the real estate website Trulia for weeks until she found the perfect listing.

The lender certainly loses out by lending with less collateral than they had intended. 

Over time I think you'll see more specialization in the space because investors will lose confidence in the platform's ability to underwrite deals outside of their area of expertise.  

VA Loan- they have a rule that they don't count GI Bill education pymnts which has us losing a chunk of our income and puts us under the 35% debt to income ratio.

The world kept spinning, I didn't lose my shirt, and I drove on home with the strange, anti-climactic feeling of 'did that really just happen?'

Unless HUD listings need enough rehab that they can get bank financing, you're almost always going to lose out to owner occupants during the 15 day period.

There is no faster way to lose future deals with an investor or lose an initial deal, than with inaccurate rehab cost.  

No additional equity, possibly losing money out the gate if there are surprises, and you will further tie up more of your cash - unless you are using a HML and planning to refinance out.