I have buddies working at CBRE and JLL and they all say that the "scraps" are on loopnet, properties that don't sell with bad/false cap rates.  

I have seen multi million dollar lease options.. my son in law bought one in Vegas for 1.9  he closed on it within the year.. but it was direct with the seller.. no sandwich.. and the house across the street was just vacated by the lead singer for Imagine Dragons and his buddy lease optioned that one for 3 mil.. actually on our way there to a party right now.. see if that one closes..

A buddy of mine is purching a few hotels. 

Personally ( and I know this isn’t popular on here ) I would have gathered a couple buddies and went over there the first time I heard there was a squatter in the house .

I became a long distance landlord and took a crash course in the importance of tenant screening. 2 evictions later, city fines galore, I finally sold it and broke even, at best.Wholesale attempt #1 I actually got a lead from a lead funnel website my buddy had created.

Your car breaks down; you want to go to Mexico; your kid needs braces; your buddies want to go to Vegas; you're best man in your brother's wedding; ETC.

So, this year I began flipping with a high school buddy of mine.  

You can write a SNL style short for one of your hollywood buddies of Mother Theresa accepting her Nobel Peace Prize only to get interrupted by Kanye West who talks about how much better Obama's Nobel was.

Thick skin buddy!

Jon Klaus One of my very good buddies runs a company that wholesales and flips land.