Sounds like a game-changer, or does it?

I’m not set on anything so far, so I’d appreciate any advice you have on getting in the game!

Quote from @JD Martin: Those things are true but I'm always puzzled by these kinds of posts.

The man selling said he knows he will lose money on the deal as the property already appraised for $560,000 but would love to get a young investor like myself into the game since his son did not end up sticking with it.

Everyone's obsessed with "off market deals" but a realtor who knows their stuff will be your true guide in the market.Secondly, I recommend asking those folks for good lenders, and also finding and connecting with other investors in the market (who have nothing to sell you). 

Connecting with like-minded investors locally can be a game changer!

I am looking at joining this organization and was wanting to know if what has been said still stands true?

This is something I've found in Philadelphia where I invest and the  same holds true in many markets.

And I generally require a sponsor that has full real estate cycle experience with little to no money lost, low leverage, high skin in the game and reasonable fees and promotes.However, other investors will look at these deals as bad/too boring for them because they are more aggressive and not concerned about the risks of default, refinance, interest rates changing etc.

Is it true tenants can't pay beyond the due date?