Or everything goes perfectly and you get rich in a short period of time .Which sounds more likely to happen?

Same thing with short sales. 

Hey David,I'm local and Im newer and am doing short term flips and wholesaling.

One of the more difficult parts would be that you are guaranteeing that you would always be managing your short-term rental business from a distance. 

Unless you purchase at least 95% of the value of your list.My recommendation is always to get the new property under contract during the 45 days after the sale or in the short period before the sale happens (you can go into contract for your replacement property prior to sale. 

Short Term (1-3 years)- Goal: 1.

Bright colored envelopes and short and sweet content is the way to go.

Someone else might have a different opinion, but I don't see holding this being the best option in the long or short term.

Purchased a 4-Unit in Delray Beach, FL last July with HM (Lending On- they have been excellent)  $520K pp w/25% down- gut rehab with my own cash- now a weekly vaca rental/short term stay lux compound (www.lavidadelray.com). 

General ideas:A property’s Cap Rate is a function of the NOI and the valueA Market cap rate is the cap rate you would expect for a bunch of properties similar to the one you’re buyingA market’s cap rate is generally fixed for a short time domain: it can change over the years but generally is fixed over the next few monthsA property’s NOI can change very fast.