If you're going to flip houses, you're gambling and you're playing with high stakes.

Understand the basic elements to be criminally prosecuted for "Fraudulent Inducement" (and see if it sounds a lot like "wholesaling" to you a. 

I know it's a gamble on if it will be enough.

I'm not ready to gamble my money at sheriff's sales yet.

It's a gamble.

Perhaps they are gambling on the fact that many towns in the area have eventually done away with rent-control or have allowed renovation programs so rents could be raised?  

See how many similar places are up for rent which is your competition and the current rents.2) Get the inspection report and do an oil tank sweep and get (3) General Contractors to give you written bids once you write your own clear scope of work for them.3) Then crunch your numbers and your conservative timeline to complete to see if the deal will work based on the Bigger Pocket rulesAnything less; you are gambling and hoping and praying this deal may work and since this Iis your first deal it doesn't usually turn out good.

I'm concerned about getting flooded with bad offers and fraudulent deals on this approach.Have a nice weekend!

You can't "get title in your name" unless a deed is transferred from the current/former owner...either legitimate, or fraudulent. 

If they can get a much higher return then the 9% and the investment is smaller then they might take a gamble with the money but it doesn't affect their overall liquidity as a small percentage of their worth.If you want premium lending rates you might have to approach friends and family.How much money are you trying to get per investor??