With very few exceptions, I must disagree.

When I was wholesaling this was the part that I absolutely hated, except in my end I was receiving the calls as I did a mail campaign and people were responding off of that back to me.  

I don't deal in government backed loans, but I thought - with one exception - that the home had to be on a permanent foundation and attached to the land with the land in the deal.  

@Jonathan ThompsonAnother item to keep in mind is that all of your self employment income from all sources can be aggregated for purposes of contributing to the Solo 401k.Here is an except from an article written by Calcpa.orgWhen a self-employed individual maintains more than one trade or business, the questionarises as to whether the limit is based on the sum of earned income or loss from all trades orbusinesses under common control [as defined in IRC 414( c)) as modified by IRC 415(h)], or ifonly the trade or business maintaining the plan being tested is used.For purposes of the IRC 415limit, earned income for the self-employed individual is based on the sum of the earned incomefrom all the controlled trades or businesses, regardless of whether the related employer maintainsa qualified plan [Reg. 1.415-2(d)(6)].EXAMPLE: Andy, a sole proprietor, operates a law practice as a sole proprietorand has $100,000 of self-employment income from such practice for 2008 (prior tothe reduction for one-half of self-employment tax).

Beware any HML that wants advance fees with the exception of an appraisal.

Being a student is not a protected class (handicap, national origin etc) so as long as you do it across the board with no exceptions then you'll be fine.

Remember, unless you qualify for an exception, your going to be taxed (fined) on taking money out of your 401K early; so depending on how much you remove, your "savings" could be potentially whipped out.  

The return is better on these houses than what I'm getting in the stock market (except for 2013 or whatever crazy up year we had somewhat recently.)

The exception is revocable living trusts. 

It helps me to network and provide value to other investors I network with.With all of those perks being discussed, let's take a look at the math on the marketing side:Let's use 2 hypothetical lists for example:1) My scrubbed list of probates to check the probate records for "real property being inherited" and a different mailing address for the applicant and the inherited or soon to be inherited property.2) A random list pulled from ListSource containing certain criteria of out of state absentee and 90% or more equity in the house.List 1:mailing 1000x5 times with a postcard costing $.50 ($2,500) (hypothetically let's say 80% of these leads have motivation) ($500 is in vain)List 2:same $2500, except only 50% of these leads have motivation of some sort, so there's more tire kickers and less potential. ($1250 will be in vain)With this math, the value of a great list will be worth at the very least $750 plus value in the market place, more concentrated motivation, and much less tire kickers.What does the BP community think?