Thank you David D Painter you are absolutely right.

Referral, reias, bigger pockets, sphere of influence, The absolute key I think any top agent will tell you, regardless of how the generate business, is Consistency. 

I bought a 4plex last year that I live in and I absolutely love it!

And that is just the tip of the iceberg to analyze the property ... after you get it you still need to manage the renovations, get good tenants in, manage the property, all from thousands of miles away with absolutely zero experience doing any of those things.

It's absolute.  2+2=4.  

I will absolutely love the opportunity to meet you two for lunch or something if you do not mind.

@Ethan Edwards welcome to the site, and your absolutely correct in the fact that you can find everything you need here on BP.

@Ritch Bonisa - @Jay Hinrichs is absolutely right:   the number of renters is pretty incredible.There are quite a number of out of state investors as you can tell by the number of quality turnkey companies based here.  

WHY because I had cash.. and could solve their problem in 24 hours or less .. take title without going through a closing attorney or title company.. driving cashiers checks to the foreclosure trustee  etc etc.working them as a wholesaler I suspect as @Sherman Ragland indicated is probably pretty tough.. if you don't acutally have the dough.. then your going to burn a lot of time and energy on buyers who are simply not ready for prime time.pre foreclosure done right can be the absolute most profitable.. but also the absolute most risky.

These days, you can't stay on BP for more than 5 minutes without seeing a thread about investing OOS in Memphis...It is absolutely becoming the new Las Vegas, in my opinion...When the music stops, and it will and it always does, Memphis will be a ton of OOS investors competing for limited numbers of tenants....