Outside of that, just work with agents to buy and sell properties.As far as "deals" go, that is a misconception.

I'm hesitant to bring this up for fear that it will be abused, but curiosity has gotten the better of me ... there is a misconception that in a foreclosure the property owner loses all their equity.

Try looking at:The Most Common Misconceptions of Investing in Real Estate

Here are the correct eligibility requirements:- You must have legitimate self-employment activity or small business with earned income- You can not have any full time employees working for you (this does not include business owner(s) and his/her spouseIRS defenition of full time is someone working for you over 1000 hours per year.I wrote an article specifically to address the misconception about eligibility for a Solo 401k plan on BiggerPockets blog, here it is:https://www.biggerpockets.com/blogs/2810/45144-the...Let me know if that makes sense and if you need any further clarification.

The misconception that cash elicits some discount in real estate is tenacious and unfounded in my market, and only true if the seller is desperate, the sale is time-sensitive (short sale), the property is not financeable or the appraised value is dubious.I've worked with multiple sellers particularly on the high end who don't care if it's cash or not, they just want their price.

I would suggest checking out:The Most Common Misconceptions of Investing in Real Estate

@Peter Kim it is a huge misconception that mortgage brokers charge more especially on conventional and government products.  

The Most Common Misconceptions of Investing in Real Estate

Check out: The Most Common Misconceptions of Investing in Real Estate to get started.

Sorry to be so blunt, but what you wrote was a very common misconception of value.