@Ki Lee the two biggest crimes I've seen investors do are: abusing concessions and wholesale chaining.Both of these methods ruin relations that investors have with either realtors or wholesalers.Abusing Concessions: Some groups, even ones that are here in BP, teach that you get the property undercontract no matter what and then in the inspection period you come in and push the price lower, substantially lower. 

Our experience has been that buyers agents have 100% of the time misunderstood or misconstrued something and ruined negotiations.  

So I think you need to figure out also how to bridge that gap.Another idea is to find out where there are long term care patients that need to be near a hospital, like transplant patients or cancer treatment patients. 

Clever Arbitrage Master is just trying to find anything he/she can control as quickly as possible. what is not in the equation of clever Arbitrage master, is understanding the power and the reality of risk. in Commodities Trading it is called risk of ruin.

If you don't have a local team you are burning money and the learning curve will ruin you."

It is therefore badly damaged with broken windows, mold, ruined floors, etc.

Gurus have basically ruined what wholesaling really is.

This is just a quick list off the top of my headPros - Access to opportunities that you couldn't undertake by yourself Ability to diversify across multiple commercial assetsProfesional managementLarger deals offer better economies of scale and have superior financingCompletely passive investment besides initial due diligence on sponsor and dealAbility to diversify across different sponsors, markets and asset classesScalable strategyNo personal guarantees for debt Cons - You are not "in control" of the dealBad/inexperienced sponsor can ruin a good dealYou do not receive all of the upside, a portion is split with sponsorDifficult to 1031 exchangeThere are fees charged to the dealThe wrong structure can create unaligned interests It's more important to vet a sponsor than a particular deal.

The mortgage on the property is financially strangling him, and he is ready to put the property up for auction at a slightly minimized loss just to save himself from financial ruin.

If you unit floods,  or dog pee is in there,  you pull it up,  wash it,  clean and dry the subfloor (or replace if ruined),  put the vinyl right back down.