I used to carpool home with a very seasoned PM, and we would be in the car together for 1-2 hours each day, and that poor guy got squeezed dry like a sponge by me for knowledge and information.

They will bleed you dry without you knowing it. 

NYC, LA, SF are some of those Cities.I would say that if you really want to supercharge your investment portfolio, then buy in incredibly stable to increasing markets where your unrealized gains can help you supercharge your portfolio.If you really cannot be open-minded to this strategy as many other can't, that's really a matter of being closed minded.Another issue I have is that just because you may have a property that has cash flow NOW does not mean it will ALWAYS and FOREVER have cash flow.I have know quite a bit of investors that lost their shirt once the Cash Flow dried up, especially in the financial crisis.

It's my understanding that flexibility dried up in 08' but I would love to be wrong about that. 

Water damage and rot are two major things that tend to get missed when going over details of a bathroom remodel project. 

an experienced landlord is not going to allow his or her tenants to be bothered by lookers ... so you list the property  buyer makes offer gets EM in POF and proof of financing.. then you set up limited property inspections and at that TIME buyer goes through units with the property inspection company.. and most of those are limited to looking at plumbing dry rot etc.. not a full home inspection like you would do on a SFR.at least thats how is done in high demand rental property areas that I have worked in.. and most of these transactions are 1 to 8 million each.. so your sophistication level of seller and buyer is much higher and not a wholesaler in sight...

Keep your powder dry and you will be buying some great deals out of foreclosure in a couple of years.  

The new dumpster from a competing company is in service and I hate have two dumpsters, especially the republic one with rotting garbage.

HelloThe house I am in escrow for needs significant work for rehab. One of them is to take care of termites (subterranean & drywood), wood boring beetles & fungus, possibly mold too.Likely the house would need...

Additionally as mentioned above you may also need to have cash reserves rot make that list above a reality.