I have been selling off my Baltimore portfolio and I continue to encounter low ball offers and untrained wholesalers who tie up my property while having no one to buy it.

Looked it up on Zillow and it looks from my untrained eye that it:- Went to auction for somewhere betwen 500 and 800k.- Sold for 1.1m- New owner will fix it up for a few hundred thousand- And possibly sell for 2m?

For the most part my opinion is if an inspection will change your opinion of value on a HUD house, you bid too much.Maybe there are some major structural issues the untrained eye might miss or something like that, but just praying the plumbing is good is a bad idea.By the way here is a quick primer on how to read the PCR:- If it says something is broken then it is and budget for it (don't believe their estimate if given).- If it says it works, assume this is incorrect and budget for it.Your welcome

To my untrained I this looks like termite damage.

I have seen too many new investors act like the untrained hunting dog out for rabbits but to the dog everything that moves is a rabbit and and as a result the hunter comes home empty handed. 

I've never had an onsite, untrained manager.

Sadly many of the banks are the corrupt ones.We can lay blame all over the place.In every facet of society in every profession there will be individuals who break the law.REO brokers are not "rolling in it" like many think.The banks squueze them for 1 percent rebate,then they get hit with computer platform fees,talking to untrained workers in other countries,banks not paying back re-imbursements etc.These large REO companies have to do a ton of volume just to break even.Brokers in the know aren't even listing REO anymore in residential and are on the buying side.No mountains of requirements and low fees.Instead the buyers broker gets a higher co-op usually than the REO broker.When the down turn first started YES REO brokers made a killing.Then all the agents came in and banks started cutting fees and upping requirements.I find it much easier now to work with the pre-foreclosure departments than the REO ones.

I can’t think of too many jobs where you would go in untrained and perform well…real estate investing is no different.

If you are not a principal you need a license.The idea that wholesaling is the way to get into the business without money just proves the point that you are an untrained newbie with no money.  

Either way... whether Ignorant (knowing that WHOLESALING IS INVESTING) or Fearful (Investing Realtors® like myself stealing your deals out from underneath your untrained self)A statement like the one you made on BiggerPockets today is both lacking awareness in general, and simply displays your lack of education.May I suggest you take a step back and LEARN From those who are INVESTORS like myself, who are also INVESTORS, REALTORS® AND Wholesalers....You see... people like me?