That could include being too scared to take the first step, not properly checking out prospective tenants, not asking someone (mortgage broker, contractor etc) for what you want.Anyone with a decent brain and good common sense can read the forums here, follow through and make some great money,,most won't because they are either too afraid to actually make a commitment, or not willing to do the things to put them in  position to make the first step (such as saving for a down payment on first rental)andy

These prospects that you are reaching out to are not motivated sellers.

For example Philadelphia or Albany might be better prospect than say Kingston/Saugerties NY.

We can't all visit every prospective property and need to place our trust on others.

When it comes to holding off till you have a prospective building to buy, I would caution that you don't want to go through with this process twice.  

We just need someone who can help us plan a kitchen that will delight prospective buyers.

A logistical challenge solved, again at some expense.I'm not being critical, I just think that anyone attending these events needs to understand that the primary purpose of each event is to sell prospects on the next event. 

I have been waiting 2 years on SPS for the prospective 3rd rental house).

I recently found a property that will cash flow at close to 10% Cap but I think the prospect of the property appreciating in value isn't great.  

Place rental ads around the neighborhood and onlineFind renters while continuing collegeScreen renters and have them fill out deposit agreements, and other contractsMake renters pay the first of every month and make them pay for electricity.After college rent all units outRefinance after moving outEach 5 years try to refinanceMove on to other propertiesAfter 30 years start the selling processPlans for turning a profit on first dealHave 10% worth of reserve fundsBuy using an FHA 203b Loan with 3.5 % downRent other units not occupied by meRefinance whenever possible for positive outcomes of loan termsRefinance for cash out for other deals.Move out of unit and rent that after 4+ years of collegeMove on to other deals while this continues to thriveWait 10+ years until home is free and clear and appreciation is high unless the local area turns below my requirements before 10 + years and then sellSellIn summary of profit plans, the main way for my gains is through appreciation and cash flow and taking out equity if possible.Team ComponentsYour Mentor - Every successful entrepreneur needs a good mentor - a guide.