The reality is that it takes a very committed effort over a period of time.  

Thank you to all who make this website possible and to @Joshua Dorkin for having dream and taking the courage to follow that dream and making it a reality.

Luck has nothing to do with reality. 

I think we have a couple more good years in the apartment world, but I'm also thinking we are going to see a year soon where rates go up 200-300 basis points in a year and the multifamily Acquisitons world shuts down until sellers accept the new reality.

The reality of the situation is that I believe that is exactly what happens here in my county.

@Andrew Matt Get a signed contract for apartments at 350, i'll build it for you at 300, let's put that typing to reality.

This is just not reality, there are maintenance costs, bills that come in, municipalities trying to cut your grass for you when over 7" at $125 hour.  

In reality, you spent $100,000, and you're only getting $1500/month back ($18,000/year).  

No folks, it's always more complicated in financing than where ideas may take you.First, let's address reality, I know that wholesalers, most being new in business and RE seek the Holy Grail of no responsibility or just being able to walk away, this is pure guru junk making the strategy seem easy and risk free.

They might not have been qualified in reality, and yet you willingly chose not to deny them?