@Daniel SmithThink of your Gold Rush analogy but with the consideration of all those gold nuggets having babies who grow up and have little gold nuggets of their own... and before long there is Gold Nugget overcrowdingIn real estate investing, we aren't dealing with a finite number of houses or tenants like there is a finite amount of gold to be mined --- long term, our population growth will generally keep pressure on housing demand and inflation - and therefore create future cashflow and profit for the LONG TERM investor.  

Details: Purchase Price- $30,000 with 10% down, 8% interest, interest only payments for 24 monthsReno budget- $30,000 with some contingency for unexpected costsResale value- $85,000-90,000Highlights- 2bd, 1bth, 3 lakefront lots, 100ft of lake frontage, small dock, new furnace and well pump/pressure

If the water is on to the property ie not foreclosure, you can easily determine water pressure. 

Don't feel pressured to put all of your cash to work at once if you don't know how to invest yet. 

Yes, the homeowner is getting 85 percent - but he's getting 85 percent of a significantly reduced nightly rent, and isn't getting any part of that booking fee.This whole thing goes way over most peoples' heads, because they fail to see how these fees put significant downward pressure on their rents, but this is stealthy and it is real. 

That puts a lot of pressure on him to do well.  

If you knew what I've learned about the credit industry in the past two years you'd probably need blood pressure medication just to LOOK at a credit card!...

I would also walk the seller through each option they have so that you aren't pressuring them into your "low" offer.

When I was an EMT I was told the numbers I get are my numbers and they are right (pulse, resp,pressure) The same thing applies, 2 agents will have different numbers as will two investors and wholesalers.

I thought this be relevant to post here: http://national.suntimes.com/national-world-news/7...This could go along with the theory of a larger movement to cripple and put pressure on mobile home lending.