Now, if I play my cards right and work hard and have some preparedness to meet opportunity, then maybe I will be able to "talk" about the luxury of diversification.Having a marketable education and/or skillset can go a long way to keep you afloat in good and bad times.

You have essentially no liability (you don't have contracts with anyone, your client does), and you have essentially no risk.In most states, you probably need to have a GC license to legally play this role, but in at least a few, you don't (in many, it's not clear based on how the laws are written).

In reality I'm learning that wholesaling is still a 'pay-to-play' game where you have to invest some money in marketing and a significant amount of time dealing with all the un-motivated sellers to find the few motivated ones.Looking back, what would you have done to accelerate your 7yr learning curve?

How should I deal with this?

I think if you are investing in real estate, you can still be looking for a quick buck, but you understand things can take some time to develop. compound interest is very powerful and if you are not in it for the long term, you will likely not be too impressedPeople are too emotional and probably log into thier stock market account too often and play off of those emotions. i am no different, but my stock market preference is dollar cost average for the long term. i do this through index funds and mostly retirement accounts. the stock market is at all time highs and while it had a huge crash, most people got scared away. as the stock market returned, people statring talking more about it. as warren buffet says and this goes for any investment. people want to buy clothes, cars, ect.

Perhaps I played too much Sim City as a child, but just thinking about my wealth growing over time excites me!

Sometimes its a little weird, but if you play it just right, you get some valuable info!

Just because you might have 125% debt coverage and adequate collateral with good credit doesn't mean you have the ability to endless funding, lots of factors play in to the picture that are beyond your control. :)

Take your time, it's simply the law of averages at play here.

Ideally, a 4-plex that puts out a lot of monthly cashflow is ideal because:1.)