Great, so there's still some hope that some of these prospects can potentially be a deal.

Oh, forgot to mention I've set up a wholesaling business in the very prospective Washington DC neighborhood where I live.

Prior to Real Estate I was interested primarily in Stocks.Looking forward to whatever the next property maybe, but I don't have any current prospects.

One prospective tenant said its too steep.

Prospecting for deals while working the property management side provided the real income for the brokerage and them.

Meet with prospective seller, begin building rapport immediately c.

Wholesalers bust their butts to find deals for investors who don't want to hassle with handwriting yellow letters for hours on end, pounding the pavement knocking on doors, weeding through hundreds of calls, and sitting at kitchen tables negotiating with prospects.

. * Make sure you screen your prospective tenants well, mainly looking for no evictions and steady job history.* Don't get bogged down trying to rehab these properties by yourself, it will take too long, and the lost rent and carrying costs for utilities and insurance will eat up what you think you're "saving".

I checked out the site for HUD here where I live at and found quite a few HUD homes that are pretty decent condition granted I have found others that are in poor condition as well, which as an investor that does fix and flips don't phase me to much, I expect fix and flips in any of my prospective purchases or wholesales and sorry about jumping on the forum this late :) I was doing a search on John Cochran to see what I can find out about him or if he has a site :) I am expecting to do this either as a Fix and Flip type business (still learning) or as a wholesale type business with the expectation of upgrading myself to a fix and flip.

With the mortgage programs that are available you might find one available with a"no money down" which would give you a sizeable number of prospects.