To my knowledge, Vail, like most richer areas heavily relies on property values going up YoY (not saying it will always happen or it will happen in this case).

Happy to give more details of all the issues we put up with while living here just to avoid having to deal with the manager, but really wants some perspective from the landlords and experts here. 

If the wholesaler has no knowledge of rehab costs and can't get a bid, how does he know if it is a $10k rehab or a $75k rehab.

@Brie Schmidt    I am far away to be an expert on this topic, I follow Robert Kiyosaki, the Real Estate Guys, Peter Schiff, Simon Black, they know a lot about this topic, All the countries the United States included have economic cycles, we are right now at the point where guidelines for loans are getting easier, prices are almost at the same price than 2005 2006, expect the best but be prepared for the worst

@Mike Flora  I was at J Martins last Oakland event.. and Bruce Norris did the keynote and I sat with Sean at dinner.Bruce likes SFR and half the Q and A for him was exactly that when is the crash coming and how deep will it be.his comments now were geared towards west coast but I do believe they are germane in many markets.He feels a market is not heading down until 20 to 30% or more of MLS is foreclosure acitivty or short sales and in our area that boat has sailed.. there is very little of either.He did mention though that he felt MF was  to use his words  " FROTHY"  his statement was when he talks to other MF owners and ask them would you buy your property for what you could sell it for today or a like kind one.. it was a resounding NO.. which to him or his point was he felt it was over valued and at some risk for moving backwards.. and from my VERY limited knowledge on MF I suspect that only happens in an over build situation to many doors not enough renters and you have rental bonus wars..

If you made money on your first deal, that's a bonus... but the most important aspect is acquired knowledge.

I’m sure I can provide some value in exchange for some knowledge.

Become familiar with what is out there.You almost have to become a mini expert on retirement even when you are 25 or 30 years old so that you can understand all this stuff.

Hey Amanda Johnson,I am currently an investor in Arizona, and always open to swapping knowledge and potentially partnering up.

These websites are also a great source to gain knowledge about so many things needed to make educated descisions.It's funny you mention Arizona, we might want to connect here on BP to exchange a few thoughts and more specific ideas and perhaps even collaborate.