I've heard of people using that tactic before.

Like I said several pages ago, that tactic is so overplayed it no longer works.

I feel they  use  Hard sales tactics geared towards new investors who feel everything they pitch is a deal .

I would not hire them and then file a bad review explaining their tactics.

And Everytime I get excited about a loop holes he explains he then hits the entire glass with scare tactic like " well you guys can't implement this yourself" and he had half the class chant I don't know nothing about real estate.

@Shawn Holsapple , funny that you mention that tactic, as I already have a VA doing just that.

It's simple really.If going to a seminar and paying money will take MOST of your net worth then don't do it.People think these classes are the silver bullet to getting rich.Then they get mad when it doesn't happen and they are almost broke.I would say in that case KEEP YOUR MONEY and do mailers for leads and read FREE material in books and on the internet.Find local investors you can learn from where you want to do business.If you are making money at substantial rates and want to pay for a seminar then it won't be the end of the world for you if it doesn't pan out.It's no secret that many companies will get people at the seminars to "source deals" for them to partner on and use the fees from seminars to buy more properties and get richer.It is NOT for the benefit of those attending the seminar.I do not know this company and I am speaking in generalities.You can find these systems for 30 cents on the dollar usually selling for resale on Craigslist,Ebay,etc.When I bought a broker course on generating listings first getting into real estate the regular price was 997.00.I went in with another broker and bought a used one from the same year on Ebay for 300 so we paid 150 apiece.A year later I resold it once extracting all info for 250 to another broker.So if you are great at and enjoy sourcing information you can do it for cheap or almost free.If you want it in a nice little package you will pay heavily for it.A common tactic of seminars is to throw almost all the "meat" out there and then when you buy the course it just resays about 80 percent of what was already said with a lot of fluff thrown in.

But If I don't meet the minimum, they would quietly remove me from the GP, so no harm is done.Can this tactic work?

No one's better (in my humble opinion) of providing both the details of wholesaling tactics and motivation.  

Financing the majority of the property with one source while using other property to obtain a loan for the down payment is a tactic I have used many times.