The problem with apartments is that price/sqft metric is not a fair metric to calculate value, so the industry came up with another metric that is more fair... meet "Cap Rate".

Let's say the building is an industrial basic steel building that total will cost $500,000 to build, and it's a 10,000sqf building renting at $.06 per square foot.

But I certainly value the advice and wisdom of a seasoned veteran in this industry.

And each offer that comes in is higher than the last one, making it all the more difficult for an investor to get the property at a price that makes the numbers work.BUT -- the overpriced property that has been sitting on the market 3 months has ZERO offers, and everybody is passing it up because they can easily see it's simply not worth the asking price.THE PROBLEM WITH OVERPRICINGOverpricing is the "Original Sin" of the real estate industry, and it causes more problems for sellers now more than ever before.

Beautiful home and photography, Bryan.  

Although I can't talk too much on this subject due to the fact I involved in this industry.

oddly enough, 7 people I've talked to in the industry in one way or another have never heard of wholesaling. 

your undercapitalized and insufficient income to really get going in the industry as an investor.my suggestion would be to take your real estate licensing exam.. go to work for a resi or commercial broker on their team.. and you can do this part time..

To get taken seriously in any industry and not look like a noob or a boob, you have to learn that industry's lingo.

My professional background/career is in Marketing so Im not all that experienced myself but I started in the BP library and have since learned so much about different aspects, strategies, and about the real estate industry in general.