Lessons Learned: We learned the value of sourcing deals directly from sellers, as Matt Rzodkiewicz did, which leads to favorable purchase prices.

While starting off with this strategy you could also be studying more about value-add options and start attending meetups in your area to get an idea of what other people are doing. 

In the past I have seen the FDIC telling people they will not be able to touch their money for 20 years in such instances.

I think people think of daily and even weekly rentals as truly transient renters, whereas monthly and annual rentals as being more resident based.That said I have seen 14 day minimums and 3 month minimums as well so while by and large monthly and annual terms are common they are not all inclusive.

My advice is to connect with right people.

And in doing so, completely wipe out their equity position and lead to foreclosure. 

But like most people, haven't done much about it yet.

The main thing I’ve learned is leads are the lifeline of any business. 

It's because most people don't understand how money works. 

It appears you’re talking to the wrong people.