for two reasons.you have a good amount of inventory to wholesale as you have burnt out landlords and you have old homeowners who want out of the neighborhood because it has turned from owner occupied to rentals.. some areas its just not a very feasible business to try to start.also its MUCH harder than the internet makes it seem and you do need money.. unless you happen to know a lot of folks with distressed real estate like through your church or family or what have you.. its sales and marketing business..

As Wayne mentioned, time is of the essence since this is a distressed sale with an upcoming sale date.

Ultimately, I would like to use a flip and hold strategy on distressed multi-family properties.

He purchases a distressed property for $60K, rehabs it for $30K, and puts the remaining $10K away for a safety net. 

@Lauren PerryHey LaurenI am finding it difficult to buy true cash flow properties, as many markets have risen considerably.I started in Atlanta in 2011 when distressed SFH were selling for $35,000, today average value of $170,000. 

I'm mostly involved with buying distressed/value add properties.Be happy to jump on a call or have coffee with any wholesalers who are looking for an active buyer to put on their buyers list.

Hey everyone, I have been doing driving for dollars lately in my local area and I have found a good amount of homes that look distressed and could be good opportunites for wholesale deals.Today I called one of the owners of the property and she said it was her fathers house who passed away and it was near the lake so it has a lot of upside, but it had some flood damage to it.She said she wasn't in a rush to sell it but if the offer was good she would consider it, the thing that kinda confused me was she said the house is nice but the property value and the lot was where most of the value was.

To get a "deal" you will probably need to buy a property that is distressed and need some repairs.

It's a distressed duplex going for about 58K. 

My dream is to buy distressed properties, rehab them, rent them out, leverage other people's money to scale up, and hold my properties forever - basically the BRRRR strategy that @Brandon Turner and @Joshua Dorkin teach.I'm glad I found Bigger Pockets - a great resource.