. - but the ability to manage clients, crews, schedules, budgets, contracts, and the like, is definitely applicable to many areas of REI.

Most investors have the ability to raise capital, the vision to flip properties, and the ability to manage their rehab crew.

You don't have the ability to vet aiirbnb until it is too late

Depends on the lender.Bottom line, you need to know your ability to borrow and under what terms before you get involved in trying to carry out this strategy. 

I'm working on my license now so I can have the ability to grow my business in other avenues when needed.

Making offers through the listing agent can be a crap shoot at best and you miss the opportunity to develop relationships.Generally you will have physical distress with REO's so you need to make sure you have the ability to do any necessary repairs.There's lots of resources here on how to analyse cash flow.  

Everyone needs to take note on the comment of the DCR falling and calling the loan due.To translate for new investors, that means if you go out and do 6 or 8 deals after you got a loan, then your ability to pay appears to be in doubt, or, if your project falls off due to vacancies, maybe a long rehab did that, you loan could be called due.Which is why it's important to build banking relationships with more than one lender. :)

Then they have you pay a bill for them in cash only to find out that the CC was counterfeit.A common one was an out of the country person transferring her car back to USA.

.)- Listened to 102 total BP podcasts (slowly working my way through them all)- Read UBG to wholesaling and several other forum threads / blog posts (Jerry / Michael Quarles are favorite two resources so far)Things I still need to do:- Send out first batch of letters- Finish website- As deals come in, find ways to automate / streamline lead sourcing and tracking- Improve ability to estimate rehab costs (my two rental properties were bought out of REO and cash flow nicely but needed <$5k of rehab each, so have not experience a  major reno yet)- Practice call script, objection handling etc.. to be better prepared for speaking with potential sellersI would greatly appreciate any insights from the seasoned vets out there.

To be more successful, you simply have to work on the other elements to progress your REI pursuit.