You can do that too, just be prepared with a storage space/warehouse or to get lucky on a lot of material.It's easy enough, just follow back from the guys that buy a lot of material in your area to the distributor to the manufacturer.I listened to a podcast one time with a guy who was rehabbing 100's of units of apartments in Texas and he started his own wholesale building materials company and was buying containers of vinyl tile from China and was selling to other apartment rehabbers in Texas.Could you do this?

I will use those 316 targets for the rest of the numbers that follow, since the primary residence targets were clearly responding to the type of letter and results are not 'typical' (though good to know, in case you could legitimately say you are also looking for your next primary residence!). 

@Matthew PaulI too have been shocked at how many people will not follow through for a showing, even after contacting them 30 minutes before the showing and them confirming they are going to be there!

What will be tax consequences for borrower of rental house giving property back to lender through deed in lieu with following situation.(1) Lender issue 1099C , No deficiency judgement.(2) Lender don't issue 1099C , No deficiency judgement.

I will do some more research and follow up. 

When you chose to make a counter offer you released the seller from the original purchase agreement.Assuming you have made a counter offer following the inspection this will make the original agreement null and void.

We tell them that we will most likely be raising the rent by something small like $25 the following year. 

Focus on your goals and every thing else will follow.

My goal here is to create a golden thread that a beginner can follow to get to a solid rental investment that puts cashflow in the pocket and with an added element of a little fixing up, the potential to complete cash out and do again with the same money every six months.

good question, following