> Many, basically get taken advantage of by those in the industry that have an incentive to keep newbies blind to new realties, just to keep their good times rolling.If someone poses an inquiry on this forum, I provide my honest opinion (which it typically that the investment is unlikely to provide a return that justifies the effort & risk).  

Condo's are usually on the cheaper end of cost for appraisal reports, typically not $750 (but if it's a high end condo or in an area with there's some complexity, the fee can reflect that). 

I'm just curious to see if there are major layoffs, not typical turnover over the next year.

If a wholesaler can still profit while provided “full disclosure” and adhering to the rules and regulations of real estate licensees then they’ve earned their profit.   

And are they riskier than a typical conventional loan? 

This is why so many people earn large sums of money quickly (lottery, sports, entertainment, etc.) and end up broke.Take Dave Ramsey's Financial Peace University.

Meaning, the bank wants to see that a property cash flows for typically one to two years of tax returns before they count it as income. 

Typically, RS3 permits SFHs and two-flats, by right.

Typically a solid GP would reach at a 2x multiple in 5 years, taking your 500k to 1MM.

Typically, higher income areas have lower crime, more amenities, better schools.