MLS deals almost never work because they aren't distressed and can't be bought at a discount.I'll give you a live example of one I just took a shot at here in PA.  

Both GC's work on distressed properties so are hedging playing it safe as I just asked them for budgetary numbers to help determine if I should do this deal or not.I do have 10%+ in cash reserves already.

The mechanic laughs even harder and whips out his Sheriff badge.These are very very interesting topic related to distressed debt.

Bulk Purchasing: Work with large property owners, banks, or distressed asset funds to acquire multiple properties at discounted rates.

Speaking from experience when hunting down property owners of distressed property’s ,probate etc, some are easy to find after a couple clicks, others I can never locate, ghosts.

To provide a bit more context, I am an agent showing distressed properties to investors looking to fix and flip.

Probably they are older or distressed properties in undesirable neighborhoods certainly they can be found. 

BRRRR is a low-cost real estate investing strategy that involves buying a distressed property, fixing it up, renting it out, and refinancing to pull out equity.

There is no debt service coverage when a property is vacant/distressed and in need of rehab to produce a rental income situation.

There is some % of people who will sell at any price, maybe to get in a new home, maybe to sell a probate home, or get out of some kind of distress.