While you may picture yourself reaping in that rental cash in and on a vacation sitting pool side when the renter calls in to tell you your rental home is flooded or on fire or the toilet doesn't flush right makes the vacation a little less enjoyable. 

He literally has done almost the exact kind of thing you are contemplating.

Bill, who literally knows everything regarding finance and compliance.  

My vacancies literally cost me $0 and a couple hours total to place quality.

Simply because it is literally in my backyard and in my face every single day. 

The lender would act as my down payment so then I would be literally buying a house no money down.

The lender would act as my down payment so then I would be literally buying a house no money down.

That is literally my experience, we are newbies.I would love to meet some local investors and contractors to network with.

In general there is no money involved in this part it's literally just signatures (except earnest money, but most wholesalers either don't put any earnest money down or put a relatively small amount like $20-$500). 

This will take you a lot longer than whatever timeline you think you have unless you are literally kicking everyone out and rehabbing and then leasing up.