The major flaw with the second article (aside from assuming appreciation, which the author addresses in the comments and being region locked) is how to grow investment operations when these deals are virtually non-existent in the investor's home town (again, the author addresses this in the comments).  

What I did was simple...http://www.northerntool.com/shop/tools/product_200...Buy one... get a long, heavy duty extension cord, and wire it for 220VAC where one end plugs onto the generator 220 port, and the other has a twist lock.

Things like :Only one key to the house Leaks in both bathrooms Door locks were jamming closed Cracks in the walls that weren't there before Mildew by the furnace Do I have any recourse against the seller or the inspector who didn't see any of this !?

Over time that is a huge savings or added expense.Free Department of Energy Comparison ChartPunch in your local rates for the numbers to be dead on.http://www.eia.gov/tools/faqs/heatcalc.xls*I have been using the Emerson Sensi Wifi Stat because it is only $120 and you can lock it so it can only be controlled by YOUR smartphone.

I also asked if I could place a lock box on the house in order to streamline having people coming in and out of the property and they did not agree to this.  

I just got off the phone with the 2nd caller - she advised they were going to do a deed of lieu with b of a and bofa advised them the DOL didnt go through and they've been locked out of the house for 2 years.

The simplest answer I have is that I'd rather my tenants pay my mortgages down for me, putting the smallest down payment that I can (these days, usually 25%) and lock in 30 years at these historically low interest rates so I can buy more homes with the money I do have available and qualify for more because it doesn't kill my DTI ratio with negative cash flow.  

There are a lot of different strategies on how to lock down deals as a wholesaler, once you know the area better than most you can really start to get going.Best of luck!

We did nothing to it except change the locks (all of which we got back).Location IS DEFINITELY THE KEY!!!

Once, the two weeks past by, We decided to take out all of her belongings and lock the gates and change the doors.