If you read the OP and then the ridiculous statement that he hasn't started building a buyer's list because he wanted to get a property, it's amateur.

So maybe don't knock the book as being amateur just because you knew it all.

Hello Guys,I have been doing some research into real estate, as to what type of business that fits my interest and financial situation best.  I chose whole sailing, however I have no clue on how to do price comparison...

I apologize for the amateur post/questions and greatly appreciate your time!

Poof, done, game over.If you come up with that ^@)}▀╝kδà▀ yellow letter, or amateur yellow post card and your competitor does the same and they have a powerful credible website to back them up when the seller does research on you, And they WILL do research on you... with a video, with 1000 and 1 raving testimonials, with before and after pictures of the houses they have flipped... and you are nowhere to be found.. you REALLLLLY think ANYONE will pick you?! 

And that usually translates into better outcome and more money.If you broker your own deals, you have to disclose that to other parties, some deals will not allow you to get commission on your own deals, but here is IMO the main issue: keep in mind that you are knowingly hiring an amateur agent.

Amateurs Co by the  county figures.

The types of profits you made arent that of an amateur, regardless of the loss you took. 

Not only that, you sound like a real amateur even saying it and erode your credibility. 

To carry out a transaction that is in compliance with or meets those 3 "tests" you will need (as in must have) a good command or knowledge of basic real estate, creative structures are not amateur hour.I take a more advanced approach in Sub-To transactions (not bragging, just fact) that ensures lending compliance in situations where there is more than one loan or where there is more than one beneficiary entitled to principal, interest or payments.