If you are confident in your numbers I'd see if the sellers have any flexibility and spam offers to the ones that work. 

There are plenty of people who buy properties that are just straight gambling (they don't understand numbers, they expect the house to just appreciate, they buy and end up putting in money every month, etc).Having someone who is doing the right work and has experience (not saying I am the right guy) would definitely be worth a piece, especially if the guy with the money has no interest/knowledge of finding good properties. 50% of a good deal is better than 100% of a huge mess up.

@Deron Gamble welcome!

I've reported your post as spam but if you could answer this question before the thread hopefully gets taken down - How many subto deals have you done?

That’s a huge gamble.

That said, I know tons of guys that gamble on these spreads but in my opinion (and not worth much) it just isn't worth the headache when you can get a better return with a REIT or MLP.

There also looks to be issues where gaming has expanded with a bailout in Delaware and financial issues in other states (granted bankruptcy is very common even with successful companies as Caesars globally is doing right now) but the point is you need much more than just gambling. 

I know alot of investors gambling and buying during this period illegally BUT not something I would ever try, if they catch you, the fines are huge. 

BLOCK, SPAM, SLAM THE DOOR ON THESE FOLKS. 

It can be a gamble but I have come out on top 90% of the time.