they will buy it for 100,000   now many investors would think that is not a good deal and would not buy the same property unless it was 1.5 or 2% rule  ( BP rules)  and would think who ever bought with the 1% was over payingMatter of perspectiveAlso if you take WEst coast and what I imagine is Prime East coast... break even cash flow is perfectly acceptable as your really just counting on your tenant paying your mortgage off for you and you have the anticipation that at the end of 15 to 20 years the asset might have doubled or more in value. 

You must have done some perfect 1031's.

How a non wholesaler tells a wholesaler to wholesaleDo everything except market for deals, then when its perfect.

Perfectly legitimate and this doesn't sound like a complaint from a client.Get some testimonials from him.

BP is the perfect place to go for real estate investing.

Dope, makes perfect sense.

A couple streets over could be perfectly fine though.

@Steve Vaughan's example is perfect, as is my own example.

Again not perfect, but generally works.In CA unfortunately the counties aren't very good about making this data available online, so you either need to go to their office in person, or use a 3rd party service, which I and others offer. 

I know of a small turnkey on the MLS (one bedroom) that would be perfect for a rental.