Now that I have my 4 little green houses I'll be looking to trade up to my red hotel.  

Talk about 'sticking out like a sore thumb' - I was blonde, with blue eyes and a red convertible in an all black low-income neighborhood.

If too many postcards were kicked back that would have been a red flag for me.

It has to be hand written with red ink on a yellow notebook paper.

An estimate of 9k then one of 20k brings red flags.

Need to have deep pockets and buy right in the appreciation cycle for those equity gain only markets to have a chance at working.People employing this strategy should only have a small percentage of the overall portfolio dedicated to it.

We have an A-list of buyers that is several thousand people deep and it took years to build.Best of luck...

In these parts, white oak is more expensive to source than red oak (white oak is harder than red, but red is more common than white).  

Please leave comments and feedback if you like what I am doing and more importantly, if you see some red flags.The diary will cover the following topics:How I found the dealDeal analysis and my planThe rehab – finding and managing contractorsGet it rented

Along with so many homes and units that are suffereing burned out landlord syndrome IE vacant out of area landlord just get rid of the thing what was I think buying a 30k duplex in the hood  ... that kind of thingI think in your higher priced markets your play is for heavy duty rehabs. and value adds.But I see so many wholesaler just never get anywhere because the margins are just not there  for them to make a spread and the end buyer does well.and or the market is red hot and you have to find that one in a million who does not realize it.