Quote from @John Brodeur: @James Hamling, I think the vast majority of posters agree that a property at 100% leverage with 0 reserves is not a good idea and I don't think private money, hard money, or a bank would lend on that $245K. 

I THINK that there’s a huge difference between the few full time, proven successful individuals who wholesale and the vast majority of wanna be, no cash, little knowledge spammers who try for 3-6 months and are then move  on to the next “hot thing”.I ASSUME that there are (may be ) some long term very successful wholesalers making a fortune at it.  

With the vast majority of the buyers of the few thousand properties I have funded for fix and flip ( either retail or to investors) the majority of buyers in those areas for investment purposes are located on the coasts with a vast majority CA based.. 

My recollection of history is vastly different. 

All the while we are getting paid each month.As you said, many "Bros" would love to get to the "Time Freedom Point" ASAP, but so far the world does not work that way for the vast majority of people and the few exceptions should not guide our behavior.

It's unbelievable how ignorant people are.And I can assure you, the vast majority of these people are low-wage earners because they spend their days bemoaning successful people while squandering their time watching Dances With The Stars and spending money on fast food, cell phones, $200 tennis shoes, and booze while blaming everyone else for their lack of success.

I have been searching hard for the last 2 years and while I have managed to get some deals the vast majority of them vanish within hours and/or are overbid so quickly to prices where the investment numbers no longer work.

I work two vastly different markets - CT and FL.

Concerning ABCD you need to understand the vast differences in owning the diff classes and set expectations appropriately.

This one is vastly different from any other boom I have ever seen.