-Clean Dryer Exhaust Ductwork-Clean Refrigerator Coils-Clean Dishwasher-Clean Shower Heads-Inspect Sink & Toilet Fixtures for Leaks-Replace Air Filter-Re-Caulk Tub/Shower & Bathroom Floor-Flush Water Heater-Lubricate Garage Door Bearings-Replace Batteries in Thermostat & Smoke Detectors-Inspect slab for signs of termites; trench ground with Termidor every 5 years

Knowing that your looking, networking and ready to move when you find "the deal".The pro of just jumping in would be the motivation of it being  sink or swim. 

In reality no one is going to take care of your property like you do.  

You can sink your $$ in to make it a C class property....but if the entire neighborhood is D/F class..... yours will not stay C class long.

I also have a pro forma, but before making an offer and potentially sinking money into an inspection, I want to confirm that the tenants aren't currently delinquent on rent and would like further information about the age of the roof and the prior water issues in the basement. 

Then when reality kicks in and the seller comes to their senses I miss the deal because I was the first one.  

Let that sink in for a moment.If you talk to people you will see that the first properties take a while (like 6-8 years) to replace your active income, but once you have 5 or 6 you will be able to grow faster than for the first few.

Wholesaling is often sold as a quick and easy way to make money but the reality is that it's difficult and takes money and time to get started.

@Shoshana Shulman - I would be very very wary of sinking every last cent of my available cash into a C+ property in a different country. 

The rental has all the appliances already installed (they worked fine upon inspection and move-in). 9 months into the lease the refrigerator went broke, massive problems with the sink and plumbing, then to top it all of the washer decided to cut out (naturally all my clothes were in it when this happened).