Otherwise the days for the 45 day id period go fast and people tend to buy non-optimal properties just to avoid taxes.

North Dallas & Raleigh tend to be a little over priced right now for multi-family units.

I can understand that when a seasoned investor hears a newbie say "I want to be a Wholesaler", it tends to elicit pretty strong opinions.

(Great for follow ups)(These response rates are the averages we have seen and the actual response rates highly depend on your market and the competition within your market.)Direct mail tends to work best when you send a campaign of 5-7 different pieces, 4 weeks apart from each other.

I passed on KC as a market because it is a bit too far for me to drive there myself and flights there tend to be expensive, although there certainly were deals with good cash flow.My advice - pick a market based on criteria important to you, contact the turnkey operators, visit the market to look at deals and see their work firsthand (very important), find ones with cash flow that meet your criteria, and dive in. 

@John Thedford - I tend to lean this way too, although the markets that don't roller coaster as significantly are probably not in as questionable a situation.

On occasion you will get a pretty good tenant who will live in a multi for several years, but this is usually a retiree who poorly planned their retirement and money tends to be tight for them.

But the majority of opinions I see tend to be around Mortgage Price or Mortgage Rate. 

Landlord-tenant laws tend to be very clear as to how to service legal notices.

Often the pad is also damaged.Graffiti is different than the writing children tend to do on walls.