I could barely understand the guy on the phone - it sounded like he was calling from inside a very busy building and had terrible technology.

While I think this is a great beginner strategy, it warrants quite a bit of research as you need to understand which sponsors and deals are good and which ones are not.

I can honestly say that I'm not that much of a handyman per se, so understanding what it means from a time standpoint gives me a better picture for sure.

I understand where he is getting most of his numbers from, except for the bottom area of his model, starting with "Net CFs from Investment - 1 Yr exit" (and everything below). 

@Matt Jamieson If I understand what you are asking, I do not believe so. 

Debt if used responsibly is a valuable tool but to say debt will always multiply returns is the wrong message to spread in these forums where there's a ton of readers who are inexperienced investors and will fall for the trap of following your flawed approach to originating debt.If you need additional help understanding how debt works in real estate, please send me a DM and I would be happy to help you out.

So as I understand it I have access to 80% of that equity $184,000. 

Also I don't understand the population numbers in StL.

If you need help understanding how to double close as a new wholesaler, feel free to message me.

When people are asking these basic question I read it and understand it's not a knowledge based question, it's an emotional one framed as a knowledge question.