@John Woodrich I've been toying with the same idea, regarding a builders license, but have cold feet because although it seems like a significant payout, the risk matches.

You have to be cold and calculated when analyzing your positions, makes it easier to cut off the losers and let the winners run.

You have to market directly to sellers either through direct mail, cold calling, door knocking etc. 

I know how you feel, I'm trying to close on my first duplex, so I had real cold feet.

but if you hate cold-calling, well...good luck.

Often the listing brokers are selling whatever they can whether that is a bad, marginal, or  a good deal in their inventory.Cap rate and type of tenant base with NNN will often be dictated by type of tenant, price range, and location (warm or cold belt states), & (rural,weak suburban,strong suburban, or urban core).As far as visiting the property some of my clients do and some do not.

If I had my smarts and your money in my 20s, I bet this post is from my own beach home in SoCal while I'm sipping on a cold brew and enjoying my lunch.

If there are 200 other wholesalers and wholesale newbies all sending the same letters, same bandit signs, same emails, same cold calls, same door knocking... how do you plan to stand out from them?

I’m up in the NE and with this recent cold snap, I put about $275 worth of oil in another vacant property which lasted a month.

Either direct mail or cold calling.