I'm betting that you can meet any sensible financial independence goal with considerably less hassle, less risk, and far fewer units, especially if they are higher quality units.

Note that Warren Buffett just won his $1m 10 year bet that low cost index funds kick the snot out of managed hedge funds, so don't assume that higher fees = more micromanagement of your money = higher ROI.

Thus far, we're doing great on marketing and finding good deals, but I'd like to test out the wholesaling sales funnel (always want to try every avenue I can).Everyone keeps telling me to sign up for wholesale lists, but, internet searches turn up a ton of shady people simply looking to grab your email and people without deals even remotely close to what I'm looking for (50 miles away, etc.).I strictly invest in Katy.

Since I'm betting that interest rates and rental rates will rise long term, purchasing a home can be a excellent return on your money even ignoring appreciation, which is likely in the long term in CA.  

My bet would be to just fix 'em up and sell then through an RMLO... if your state allows that.

I bet this was just a mistake on the sellers end, contact your lawyer and take the necessary steps to get your money back.

I bet @Steve Babiak is right, maybe this person just had  a longer live in time frame.

Your best bet to learn real estate is to learn from someone that knows it.

Over the next 15-20 years, I so no reason I can't put 12 together like that...then consider selling and living off the proceeds...without being pressured or constrained by bank loans.I'm not looking to rule the world, or to be the next Donald Trump (who has been in and out of bankruptcy multiple times)- I'm looking to live life on my own terms...and I can do that by paying cash :)For every real estate guru out there telling you to make millions by leveraging, I'm willing to bet there are at least three others that have been in bankruptcy...and one of those three turn around and write books telling you how to get rich on real estate and end up making money that way instead...or they turn into a Dave Ramsey who makes money selling you on how to get out of debt.

Have internet access?