If you decide to proceed anyway, you are gambling and not investing. 

The lady tripped and fell and incurred medical expenses (apparently).

It's a gamble, but with SD's history I'm willing to take that gamble and invest in long term rentals that 15 years from now will provide me a huge equity and possibly some positive cash flow by that point due to higher rents.In the end, it all comes down to your own individual investments goals and risk aversion to REI.Food for thought...hope it helps.

It's simple risk/reward economies of scale that the big guys will be willing to gamble their 100K at lower rates/points. 

Little old ladies that stay home love to gossip about the neighbors (especially tenants).

I will screen them on the phone and try to identify a good agent who's less irritating than the lady i am dealing with and will make my work a lot easier.

That is, they were making gazillions with a simple bet on the property market and it did not pay off in the end - maybe they just got greedy but it was not their money they were gambling with - it belonged to the community, the people.

While I was working on the house a lady approached me and said she lived next door with her grandmother and her 2 daughters and she is pregnant.

The lady tells me she's finally ready to sell and so she decided to start calling on the letters she got.

Like the lady who was now living in her ranch and also When he was talking about profits, for the first few deals, he didn't mention rehab costs at all. just sale price minus purchase price was called the profit. which was too much.Finally I decided to spend more time in bigger pockets rather than taking those expensive courses.