What's the deal on package deals?

[Marie S.]

Ok, I just had a deal fall through on an apartment building. I just could not put enough money down to get it. I guess it was a good thing because, I may have been jumping into real-estate blindly. So... I was looking into my options. There seemed to be some pretty too good to be true package deals out there. Is there any reason why a "Corp owned" house would sell for less than $40,000 near a big city like Chicago? What does "Corp owned" mean? and why would they sell me 8 houses, mostly 3 bed 1.5 ba, partially remodeled for an average price of about $40,000 ea.? I'm obviously missing something.