Markets just aren't that demolished right now to be able to build that strong to give that big of a boom.

You also provide a very tangible service, housing...a nice change from abstract jobs where the deliverables aren't as clear...Granted, you can't control some market forces and even real estate has gray areas (like you do to all right but still run into issues ) .

People aren't encouraged on BP to set for themselves deal standards they won't bust?

Because of regulations, a bank could face millions of dollars in fines if specific policies aren't followed and they get sued.  

Inexperienced wholesalers, on the other hand, who chase realtors and provide proof of funds that aren't worth the paper upon which they are written and misrepresent their true intentions won't survive in this very competitive market.

., etc.2) Scope each quote, line by line for accuracy, for quantity and product... mistakes are abundant.  

I think we've miscommunited... basements aren't less costly... as I wrote, "a crawl space foundation on piers is less costly than a basement foundation."  

If you get an FHA loan like the others say, and you buy a fairly cheap property then you should still have a very nice cushion in your savings. a $50k property with 3.5% down would be $17,500 down leaving you with $12,500 in savings.Now, if multifamily properties in your area aren't selling cheaply enough for you to get a deal like this then maybe I would say look at a different route.

The other issue I saw was that the user interfaces just aren't quite there yet.

If market rents aren't enough to cover the spread ask the owner to cover it as part of the purchase.