Here is the Lesson:"The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups."

This would make the home liveable, maybe FHA financeable and would be consistent with many active comps that look liveable but not upgraded with list prices in the low $100s.

Doug plainly states that his note business consists almost entirely of buying and re-selling notes, so this is flipping inventory and subject to UBIT in an IRA, or subject to self-employment taxes and ordinary income treatment in a taxable account.Lots of gurus also say that you can wholesale and flip in your IRA to grow you money exponentially inside the tax deferred plan.

I do like places that have potential for good appreciation, but a steady consistent market with good employment rates is more important to me.

Not really mentioned in the tutorial, and aside from dong the items listed, I believe it is super important to stay active on the site and do so consistently.

Thought process is the difficulty and owning in these neighborhoods should be offset with higher returns.I agree, the difficulty of this area should bring higher returns, but after looking at comps, there are quite a few people who are making something work in their favor. 2bd 4 plexes in this area are consistently selling about $150K.Building 2Walkaway.  

Not to mention testimonials from hundreds of people that they are making consistent returns is enough for me to believe in validity of business model. 

So if you want to do the door knocking/direct mail combo, do that for one area and then maybe test other areas that you mail and door knock less consistently.

Go to meetups and REIA's consistently and shake hands.

If you consistently get 5-7% pay raises, boosting your base by 20% today will mean you double your salary 3 years sooner than you would otherwise.