Of course buying HUDs is an option but be choosy because you may find a GREAT house in a not so great area.BANK and ESPECIALLY local Credit Union foreclosures are a dream, as owner occupied you can negotiate repairs, new wood flooring, HVAC units can be installed and cost added to the purchase price banks will add New Appliance packages and even BLINDS for all the windows.  

Just came out of the Rich Dad's/ Legacy Education 3-day seminar where they tried to sell me really expensive packages.

They offer a few different packages to purchase as well. 

@J Scott,The lots are listed for sale in a "package" of 13 lots, non-contiguous.

It rents for $900 per month and provides us a 25.63% Cash on Cash Return or 11.16% Cap Rate (usually only used in commercial realm, but we do commercial loans on packages of homes to avoid using our personal credit).

As stated above, except for any food or drink you happen to order there is no charge to attend.

Learn a LOT about investing out of state.Research the market you are going into and figure out the best markets.Make connections in those markets and vet those connections.Save up more money and move up from the war zone and go to a $30,000 to $50,000 minimum market where there is less crime, less vacant lots and vacant houses, where the police will actually respond to a call from a homeowner, where there are jobs for your tenants to work at, where there are schools for your tenants to send their children, where there are real grocery stores for them to buy real food (not gas station or fast food).  

So the brokerage took that property, another 56 houses, and a vacant 30 unit to try to sell as a package deal.

Office buildings...Would it be good for fast food or bank where you could land lease them the property and they would develop it and your colleague would just sit back and collect check.As you can see there are a bunch of scenarios you can throw out there but it all starts with the zoning of the property and what is allowed under current zoning laws unless you wanted to go through a zoning variance proceeding.

They could be new to wholesaling, just bought a package from a guru, and trying to market every seller regardless of how good the deal is.