Heck, some people might even pay more for the 'cool factor' of living in a 'small home'....I'd give it a go since you're a veteran of this RE stuff.

I go in the unit, no signs of mold and sturdy cabinets.   

That style of learning and introduction to true industry catches my attention as having someone in the space that understands the space to bounce things off of and learn from seems to be the ideal way.I have through a handful of the webinars and follow up calls with different companies and they all basically pitch similar ideas and strategies.

It's been a pretty cool journey and has allowed me to leave my W2, however, I've come to the realization that my current strategy of delayed gratification is no longer working for me.

Definitely do a search here for some recent stories on capital calls and risks with syndications...even on some that have been operating many years...

I paid only $8,000 for the property because the previous owner no longer wanted it.

Hey @Benjamin Carver, so there are a lot of generalities in your statement that aren't always true.Location is cool.

Look for motivated sellers off market and market via cold calling and or direct mail, geofencing, advertising and the like.A good wholesaler is as @Ericka Parrott mentioned, direct to seller, did good underwriting and can deliver an actual "Deal" whether buy and hold or flip. 

I tried shopping around but no one would take me since I had a sewer collapse claim last spring.

And no gray lol.