This particularly holds true for Comtractors/ Sub Contractors who have notoriously bad business acumen.

A lot of my wholesaler buddies are telling me it's common place to have to spend $50K+ on marketing to sustain the wholesale business right now. 

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

My dad worked as a contractor for over 30 years and now I am looking to start a family business (he is retired).

Again there was a lot of info given at the 3 day and I did like the idea of being able to utilize their platform for a year for free (Well of course the event cost $300) but I somehow felt we would need more "education", mentoring and help.

Zillow says it may go for $289k +/-My current tenants are using it for business and pay $2,250 a month.

I am wondering if it is a good idea to invest in one of these foreclosed homes or old single families. the prices there are actually extremely cheap compared to where I live in new jersey. my overall plan is to own multiple rental properties. 

You have to remain competitive when starting out because your goal is to grow your business.

I had no idea these existed, I was never directed to review them, and I certainly never agreed to them.

Lenders are not in the business to not make any money.