As to their distinctions,its self explanatory.

Those areas will actually see a huge benefit from the reduction in oil prices, as it will result in a direct reduction in the cost of crop production, since irrigation is the largest energy related expense and often prevents growers from producing crops requiring significant irrigation.DFW diversified after the real estate crash in the late 70's, but the DFW economy was never heavily oil dependent. 

I would say the single largest mistake is not knowing the market.

The distinction is defined by the Code.

Each apartment has one full bath and one kitchen sink, no dishwashers or clothes washers provided (though at least one tenant has a portable clothes washer.)My calculations with the 47 degree groundwater in Michigan lead me to believe that a single 199k btu system, the largest I can feasibly and affordably find, may not be enough to support 4 showers and 8 sinks, even with water savers applied.

These are two very distinct functions, and neither will have a positive effect on your business without the other.I come from the tech world (I was in management at Microsoft for many years before I transitioned to real estate).  

This is because, for example, if an area tends to attract middle-class families, it may be more difficult to rent out a 1 bedroom condo.Square Footage: My view on the size of the property is similar to the one expressed above - I like "average" houses that are not too large and not too small to appeal to the largest possible group of prospective tenants.Layout: Get a floor plan from the turnkey company, if they have it, or look at the photos to get an idea for the layout of the house yourself.

So it is super important to know what you are doing, what the market is and how you have a distinct advantage/niche.But I love it and am having a ball.

Keep in mind that a fee attorney has to see transactions through 2 very distinct lenses: 1) you sell (title) insurance and need to evaluate risk that can /should be insured against or avoided but at the same time 2) investing is all about taking risks based on the potential return.  

I just wanted to share the distinctions and the impacts it can have and would love to hear if people have had an experience working with a Realtor and then wholesaling that arrangement.To understand wholesaling, it is good to be familiar with the contract term known as assignment.