And it you're truthful with your numbers, and honest enough to not dump a loser on a newbie, you can really take a hit to get rid of it.

My BS meter went off because obviously you can't state that categorically about all houses, but there does seem to be a grain of truth in it.

My Dad always told me "The person who is telling you what you don't want to hear is probably telling you the truth and the person that is telling you what you want to hear is probably lying to you".

Some are filled with deception that requires a lot of time to get to the truth.

The only job of an investor has is to be truthful and treat others properly, and buy property for as little cash or as high of a return as possable.  

These changes will affect buyers, sellers, mortgage brokers, lenders, real estate agents/brokers, and title companies as well.The New FormsThe new rules replace the Good Faith Estimate, HUD-1 Settlement Statement and Truth in Lending Act Disclosure Form with the closing Disclosure and the Loan Estimate.

Also make sure it will really rent for what you are projecting and that it is in a desirable enough area to attract the kind of renters you want, or are ok with, in the first place.also read this....https://www.biggerpockets.com/renewsblog/2015/08/22/truth-30k-investment-properties/

The truth is, wholesaling is the hardest thing for newbies to do.

Both standard pitches have some truth to them, but if either standard pitch was true then the other channel would have gone out of business years ago.

Its the sad Truth that there is a void in good PM for units under 100 doors.