So I’m an investment agent, and recently I’ve been going to auctions to prepare myself for getting into the fix-and-flip game. I’ve worked with investors for a while now, and I’ve seen the kind of money they make on t...

You've listed two strategies for starting a new business (arbitrage, laundromat) and one strategy for acquiring your first asset (house hacking).While they can all generate income, be careful not to accidentally buy yourself a 100-hour/week job (I'm only exaggerating a little) when your stated goal is to invest in multifamily.

Kenny, on the other hand, had no presentation and relied on exaggerated, too-good-to-be-true claims and still walked away with sales because people focused on the numbers instead of the substance.On the surface, buying, renovating, and renting out investment properties sounds simple.

To use slightly exaggerated numbers, imagine you could live in Thailand on $32K USD/year.

Seminal would not be an exaggeration.

In all fairness, I have never participated in their mastermind group, but I have been pitched grossly over priced so called education programs from people that spend more time promoting and exaggerating what they’ve done in the hopes of getting a check from me with 5 zeros.

The need for an LLC is grossly exaggerated on BiggerPockets and other websites.

I’ll exaggerate just to move your thought process forward.  1.  

Real estate agents and other people trying to make money… Exaggerating rent numbers, and the prices for insurance and taxes, is nothing new or exclusive out of town investing.

The commission will be approximately $12 (exaggerating, but it's low wage labor)2.