So to clarify, do you use online ads to funnel prospective sellers to your website and then get them under contract? 

Just understand you get a portion of the promote not the entire promote. if you get 10% of the GP, you get 10% of 20% of the GP or 2% of the total promote do the entire GP.To provide greater detail, there is often (general high level big picture for illustration purposes only), at least 2 LLCs in a syndication. 

I recently saw a video on no-money real estate investing and I'm really pumped but I also want to be realistic and a good fit for my future real estate partner.Here's the link to that video if you're curious:There’s always money available IF1- The deal (investment) is VERY good, significantly better than the average deal2- The risk is lower than similar deals with the same investment return3 - The money partners are able to be totally PASSIVE - because the deal maker (sponsor) is experienced, educated, and honest.So, there are numerous ways to start, with some having a much greater chance of success than others.  

The only thing I’m able to find about buying pre-forclosures online is all about “subject to” so thank you for sending somthing other then that.

Selling on your own is admirable .....and yes, totally doable. 

But if you're unable to figure it out from the vast online resources, haven't met people doing it through REIA and trade groups you probably lack what it takes to be successful at it.

New Bank Loan Traditional Subject To Take Over Existing Loan - has already been paid down some Purchase Price $400,000 $332,196 (Take over existing loan) Down 20% $80,000 $10,000 To Seller Loan Amt $320,000 $332,196 (Take over loan) New Loan Payment Rate 7.75% $2,293 $1,465 Take Over Payment Rate 3% Difference $828 Your Savings per month Other $0 $0 other Loan Origination Fees 2% $6,400 $6,400 Your Savings On Loan Fees Closing Costs $3,500 $3,500 Closing Costs Cost for length of Loan $825,307 $490,512 Your Cost for length of Loan $334,795 Your Savings over Life of the Loan Using Bank Cost to acquire $89,900 $13,500 Using Us Cost to acquire $76,400 Your Savings Just By Buying Using Subject To Total Savings $411,195 Your Savings Total w/Subject To

Other than speaking to locals, I cannot think of stuff that can be done in person and not online (schools, crime rate, employment opportunities, etc.)However, I am still a novice in all of this and was hoping to hear from those who have been there, done that. 

@Brie Schmidt Got it, the total work being done will be closer to $50k at the end of it all. 

For the rents-$1500 a month total for the two units on a property over $600K is not a lot-even if all 3 were rented at $800.