Sounds like Dave Ramsey is promoting the "consumer mindset" mentality of debt free living.

They may have mentally considered 100K as a worst price situation. 

I'll be curious to see what the costs are when you include the amount of time and mental effort that it takes to put all this together. 

Mental fortitude is key.

We explain this to them but some are fixed into the go big or go home mentality.

(At first I was just doing my mental 'seller lead sheet' on whatever scrap paper I had available, needless to say, this is a poor system.

RE internet "education" is really a mess, that's what you'll get when there is no standard of materials, where no one has to meet any qualification or experience level to provide materials, the result it is just a market of hype, marketing of systems or niche topics that address more of the "want it now" mentality than those actually interested in learning a business.

Its sad but true, the larger capital gains were usually derived from death, divorce, mental or physical illness, addiction and BK.

And this is the mentality of most wholesalers I see here, the newbies look at this and think that's the way you make money, no, that's the way you steal money!

Pros:- Low cost of buy-in / not much needed in comparison to other areas due to affordability in purchase price- High-Cap Rates- High Cash Flows- Stable market / continuing to appreciate- Beautiful revitalization of the downtown- Influx of jobs, employment opportunities - Plenty of renters- New Amtrak service coming- Surrounding neighborhoods are sought after, solid schools, "home team" mentality in most of the towns where people want to stayFor the Cons:- I can't think of any OVERALL cons that couldn't be avoided in working with the right team.