I am not desperate and ready to wait for the right tenants if it take few months.

Any manager taking them on is probably desperate or ignorant of the reality.I can charge 10% management on a house that rents for $1,600 a month.

Indeed that would be my preference, but my network is completely outside the real estate world, so the few syndication opportunities that came my way did not convince me, I couldn’t get past the “this person must be desperate if they are asking money to me”, so I never pulled the trigger, it really just felt like giving away $100k on good faith.

They prey on the desperate and those looking for the quick get rich tactics.

Desperate tenants who are poorly qualified will promise you whatever rent you ask, and then they can't afford to pay it once they're accepted, so make sure the rents are realistic for the median income of the area.

He seemed desperate for me to call 911 so I told him I can solve his problem if he considers signing a contract for his oranges with wrap around seller financing with a lease option.   

AND all legal in any state.Finding ways around the legalities shows just how bad this industry has become with all the gurus selling their crap to wannabie wholesalers and the desperate for what they are told is quick and easy cash.

Yes, FHA does have the 203k program but, unless you find yourself a desperate seller, most aren't going to wait around 60 days. 

Section 8 is desperate to place families in homes and is currently offering landlords a bonus if they rent to a Section 8 family. 

Because buyers are so desperate to get a house under contract their agents are suggesting the high DD$ to get the attention of the sellers.