I would also recommend driving the area at night as what can seem like a not so bad street transforms after dark as the partying picks up and the students get  routey.  

NOT true was true prior to 08 in a limited fashion but we learned the hard way that asset lending only is far to risky.2. you need some money... granted I do no money down deals but those ware with my trusted clients of a decade or more with lots of water under our bridge or as forementioned I pick one or two beginners and I groom them.. and I pick them for specific reasons.3. credit and income  Most HML want to see this.. if you don't have massive experience.4. anyone advertising rates under what @Jason Hirko mention is probably out to get due diligence money from you and won't fund.5.

You picked a good town I think but it is not because I have a couple of friends down there!  

The first two properties I highlighted were cherry-picked to illustrate some typical but pretty negative aspects of the current market.

I have also heard that all the deals on Loopnet are picked over/left overs etc.  

I'll definitely pick your brain when the time comes.  

Before you know it, you'll be picking up speed!

I'm very interested in this buying method and would love to pick someone's brain on this topic.

It may need to go through probate court and I'm sure someone in my network of investors will pick it up! 

You also have tons of new buyers who have money and/or credit who do not have full MLS access or do not get a reliable third party realtor to verify comps from these wholesalers are NOT cherry picked and do not misrepresent the values.