The only thing I would say is even if it seems like we're going into scenario #2, DO NOT OVER LEVERAGE because I still think there are some geopolitical issues that make scenario #3 a non-negligible possibility.In that scenario tangible assets like cash flowing real estate are good, but you don't want to lock yourself in to high loan payments in case broader economic malaise makes it hard to find tenants who can pay the rents.So personally I am willing to have fewer pieces on the board, and sacrifice some gains in scenario #2 (another big RE boom), and order to have fewer pieces on the board that are safer due to good cash flow and lower loans-to-value, to protect myself in the less likely scenario of #3 just because #3 could blow a lot of people out of the water and I don't want to be one of them.I agree that seeing so many new "wholesalers" come into the market is worrying and makes me really want to pay attention to group psychology and redouble my efforts to buy sound cash flowing properties where the #s actually make sense.But I don't think we're at a market top at all.

Hi Amit,While I don't invest in Wylie, I know a few people who focus their investing efforts in Wylie and Rowlett.

They forget the optionee is a loser here too, if they want to make a buck they spend time, money and effort and end up with no point on the board. 

I'm re-reading some sections in your first book right now that addresses rehab cost estimations until the book arrives on Tuesday.I've been to a few REIA meetings and make it an effort to make it to the two major ones in my area every month.

But I don't think one individual lead is worth that much time and effort.

I focus my efforts primarily on non-performing note.

Maybe you should definitely  look at who will be the end buyer and make sure youR marketing efforts are directed towards those potential buyers.

I know that you could contact the owner and try to negotiate a short sale but it seems to be that the owner has abandoned the property and my efforts of finding him have come up short. 

Then, it's up to you to create an effective message with an irresistible offer.You challenge is to determine which sources produce the most profit for your money and effort.

This last year we made a concerted effort to pay off the last of my student loans (~20k) starting in June and made the last payment Dec 28th, or in 6 months time.