How I got started is easy: I saved all my money, hustled up income everywhere I could, didn't spend extravagantly on consumer goods, went to college, got a better paying job, saved more money, learned how to do/fix/install virtually everything. 

I do occasional Fix & Flips, but mostly Sub To, Wraps, Lease Options and Land Contracts.

@Jose Quinones I primarily use Facebook Marketplace but occasionally answer a post of someone looking for a unit that turns out to be a solid lead.

He literally hasn't given me one piece of information on income/expenses for the entirety of 2017 (other than verbally I would call chasing and he'd occasionally tell me the odd person moved out or in). 

Which is the beauty (and occasionally the pain.)Is there anything you'd find in a PPM that would instantly make it a no-go for you?

Ours was an occasional rain issue in one corner and also a bit of an uneven floor. 

He provides his perspective occasionally on his podcast (and has an episode where he talks about it in depth), plus he apparently practices what he preaches by minimizing equity, even in his personal residence (he says). 

I am talking about constant late fees, the occasional is not a problem.

I have clients that I will help them get 10 to 25 deals a month.. with 10 being more realistic but I have one client in the mid west that can pop out 25 occasionally not often but it has happened. 

Of course there are things in there like vacancy occasionally, maybe taxes go up, and a slew of other things but for proof of concept, this deal looks good to me.