To make a long story short, i am told there are quite a few complexities and fees that make it only practical at scale.

Even small, consistent amounts add up over time.Learn & NetworkKeep reading REI books, but also join real estate meetups or online groups like here on BiggerPockets.

He practiced that well and his son is now one of the largest developers in the country, if not the world.The nice thing for investors is that there should be a 2-3 or maybe 4 year gap in major apartment developments coming online. 

I know there is all this talk about the Olympics coming but on a practical basis that has no effect on you unless you do STR, which you typically can't in a rent controlled property.3.

So you get some consistent sales.

If you are able to network with someone that can give you consistent deal flow and partner with people that will provide the funding you will be in really good shape.

Certainly track record is very important, but track record is so much more than deal performance.The last decade was a consistent bull market so almost anyone could put some runs on the scoreboard while learning little to nothing.  

Learn how to underwrite deals by practicing.

I understand the challenges and competition in this field and am willing to put in the time and effort to learn and grow.If you have any advice on how someone in my position could gain practical experience or alternative ways to get started in real estate without significant initial capital, I’d be eager to hear your thoughts.Thank you for your time! 

Yet, it seems common practice for wholesalers to use this contingency to back out of the contract simply because they have not found a buyer within the inspection period.