You'll looking for a needle in a haystack and getting frustrated.

I would say they are the needle in the haystack and most wholesalers a) don't know what they are doing and b) would tell you anything to get you to buy the house.That being said, if it were me, I would feel comfortable NOT getting an inspection, but I have done enough flips and toured enough houses to recognize the major issues.  

You also are looking for a needle in a hay stack here.

@Eric LindseyThere is no set amounts but the greater equity they have the better.Just realize finding seller financed multi family opportunities is going to be like searching for a needle in a haystack.

I'm sure someone's doing it but it's a needle in the haystack.

My suggestion would be to investigate short-term rentals and understand the legalities here in Chicago...which I believe will push you away from trying to start there.Whether you do long-term or short-term - FOCUS and clarity on what you are looking for is the key to finding a needle in the haystack which is what I'd say is what you are doing in the current market today.

If you spend enough resources looking for a needle in a haystack, you'll always find a few clients - but can you scale it?

The other problem is that they are old, and if they receipent has been located, SOME of them may be deceased or unlocatable.Its a needle in the haystack kind of business and you can make money, but it does take time, and research and is not as easy as some will have you believe.If I wanted to do this business, I would do it on my own, do my own research and locate people in a high income area like you San FranIf you want to spend the money on a guru or listings, be careful don't spend a ton of money, start small try it out and see if you like it and it is a productive use of your time and energy.One of the reasons that there were so few overages at the sales I went to was that most of the properties that did sell sold for the minimum bid, therefore no overage.

It is literally like looking for a needle in a hay stack. 

I have been trying to look at different lakes, but there are so many and they all seem so similar that it may as well be finding a needle in a haystack.