It may take me a month, full time, to find a "deal" in the current market that was available in quantity on MLS in the last downturn, and the 2002-2003 downturn, and the one (early 1990s) before that.

Instead of Quality it seems like a philosophy of quantity...

Or how about that tiny home design contest Raleigh sponsored a year or so ago?

Then, since it is a live in flip, the utility costs you had which would have been elsewhere anyways along with the fact that you paid down a tiny amount of principle in year one is just extra gravy on the deal.

You already posted this scenario.. while it can happen you will have to hunt for it.like all things real estate returns price for risk.. rare is there high cash flow AND appreciation.. and tiny appreciation like 3% a year might look good but its not real.. you buy a rental that will make 12% under your scenario you need to find a 50k house that rents for 900 type thing .. which you can find.. so 3% appreciation it goes up a whopping 1,500 a year.. but in reality it stays at the same value.. since the next investor wants to make the same money you are.. only way values increase substantially is rents go way up.. and in cash flow markets rents ( which is a good thing) are generally very stable with not a lot of movement up or DOWN.But for your exercise check out small little towns in PA  and outside of Pittsburg and up towards Erie.. you will get the cash flow i bet.. appreciation only on paper not in reality.

It worked for me because I had a tiny bit of money saved, I wasn't allowed to live with my parents anymore, and I had the 2 years of w2 proof.

Then they get on a forum and post something that gives them a tiny dopamine bump.  

Many wholesalers I've interacted with all have the same problem: Quantity over quality.

A lot of these podcast guests fall into one of these buckets:-Started with a bunch of money-Made most of their money selling education before buying deals-Don't actually do nearly as many deals as they claim to-They own a tiny piece of a bigger deal (LP)I still listen to podcasts a lot but you can't let the guests "successes" demotivate you.

Seems a tiny bit different from the post.