If you dig into Gary Keller's The Millionaire Real Estate Investor the model he teaches there would be the "slow and steady" one and the long-term affects of it are astonishing. 

Here's how the whole real estate training thing works and its a fairly decent model. 

Good business model if you're experienced and well funded.

Pick up a model that you personally believe in or better yet create your own (but it can certainly be achieved down the road.

Do your math, build models to understand how the properties cash flow, build in contingencies for things going wrong (they will), and remove emotion from the equation.

The discount only applies to product, and not other options such as delivery and installation services. 

As part of your due diligence process ask questions such as : why this neighborhood, how did you determine the market value of the home, what do you think annual rent escalations will be and how did you come to that conclusion, what do you think annual maintenance costs will be, what vacancy factor are you using in your model?

We own a park model in a resort out on the Island that we AirBnB successfully, but wanted to do a long term SFR in town.

I've been involved in the automotive business for about three years and have done everything from washing cars before delivery and stocking parts to closing deals and completing financing paperwork.I've always had a fascination with money - especially the power and freedom that it gave to those who could master it. 

@Adrian RaeIf there aren't any sales comps within a reasonable distance or timeframe, then an appraiser would do a financial based model using the cash flow.