Perhaps the most important place to start is to adapt the right mind set that flipping and wholesaling properties is an investment tool that is equally for professionals and billionaires for the long term, as it is for those just trying to catch up.

And there's almost no way to catch them. 

The catch here is after a couple of months you should be taking action. 

Surely later there was another catch out there.

I'm hopeful they catch the guy soon, they think he's an ex boyfriend.

I think investing in your local market is great because you can 'drive for dollars' and catch opportunities that long distance investors might miss, also word of mouth. 

So you get caught in sort of a catch 22 situation where you can't really calculate an offer amount unless you have a rehab cost, yet you can't really get a rehab cost unless you make an offer allowing you to send a GE out to get a quote.So how is everybody doing this?

I think they are a fantastic place to find them and if you catch them early the reinstatement amount isn't terrible.  

I'm in a catch-22!

Only catch is the financing options listed for the properties say “cash only”.