@Jeremy DavisI think I get it, you’re saying your entire career has been eliminated by Covid?

My perspective is that profits will be there, but the key is to design a system that minimizes or hopefully eliminates losses.

There some times where I sent him wholesale deals that he can quickly provide data that allowed me to eliminate it as a candidate where he didnt ask for any compensation.

This allows you to directly manage transactions via the LLC and eliminates the paperwork, processing delays and per-transaction fees of the custodian.

This allows us to honestly negotiate the best deal for our buyers because our commission is not at risk, thus eliminating the very obvious conflict of interest.

As you become better at analyzing property, you can apply a general rule of thumb like the 1% rule to quickly eliminate properties that are unlikely to meet your requirement.

And as others have mentioned, some are buying with cash and eliminating the mortgage, which lowers their CoC return but increases their cap rate.Those of us that got in early enough to rake in $7500 bucks a month on a property not even accounting for the debt paydown, may have higher standards, but there are plenty of people just getting in that find a "free" monthly payment while the guests pay down the rent as worth it. 

For the average 80k BP'er to be really happen in 10-12 years, you're going to want 7-10 paid off houses + another source of income(equivalent to 2-3 houses net cash flow) eliminate all debt, and have a low cost of living.I think everyone just needs to pump the brakes on the quitting the W2 though, cause you're not going to find a more helpful resource for retirement benefits + medical benefits.

I have experience working with https://www.iraservices.com and self directed IRA, they have lower fees compared to other custodians.I prefer checkbook control and if you are self-employed, then http://www.sensefinancial.com can set up 401k trust, no need for a custodian, eliminate those fees and put more $$ in your retirement account.

We may as well pull them out and leave nothing more the CIA, special forces and sniper teams to eliminate terrorists, but that's another topic.