You can find motivated sellers and still get some deals. 

Of course the bolder the target, the less likely it is and probably less than .01% of people could pull this off.More realistic advice is to get as high of paying W-2 job as you can, save up, put 5% down on a 2-4 unit, manage the heck out of it, and then leverage that experience to do a larger deal using OPM.

No matter what you need to be prepared to deal with tenant issues.

Purchase price: $67,000 Sale price: $88,000 Wholesale deal.

Hi @Mindy JensenI would recommend @Carl Fischer to talk about Self Directed IRA Investing.I also think these guys could make for some interesting guests:- @Douglas Skipworth- @Brecht Palombo- @Paul Moore

What made you interested in investing in this type of deal?

I love it for the guaranteed rent, tenant stability, additional accountability with the housing authority and large demand for Section 8 housing without enough supply.With strong screening, I'm able to find great tenants and Im not owed any rent.Cons you will often hear is that the tenants are harder on your properties (doesnt have to be the case in my experience if you screen really well), the Housing Authority is a pain to deal with (this depends on a couple things - how well run your local PHA is and how good you are at handling process & details) and the extra inspections/red tape make the niche unprofitable (see what I said above about Housing Authorities).Done right, I believe Section 8 is one of the most stable & profitable. 

Hi @Nancy Boudreaux-Ng, I work with a few investors/ investor focused realtors in the area that can share some of their experiences with you to help get you going in the right direction.

Hi y'all, So I'm just getting into real estate, I have an LLC set up and will be closing on my first deal in a couple of weeks, a $68,000 single home.

The people involved in the transaction may know the lender and their reputation to close deals giving your offer an advantage.