Also I'm speaking from experience in losing a significant amount of money trying to do something similar. 

If you really want the property and don't mind a small gamble put down an amount of earnest money that you will not be upset to lose and that if you were in the seller's shoes would make you feel OK about taking the property off the market for 60 days and make it non-refundable to be conveyed to Seller upon offer acceptance. 

I have thought about if there was a way to make money partnering with homeowners who want to renovate before selling but don't have the cash.Definitely seems to be aimed at homeowners not investors.

@Ikenna OkekeogbuStarting with a single-family home rental investment in an affordable market requires education, have clear goals, plan your money, and have a team of experts.

Make sure you have the money buttoned down and let the buyer know that it is secure and meets their timeline.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

The good, less money up front,  the bad: MIP and lower cash flow.

I don't have a ton of money to market but I have time in the evenings and weekends to maybe somehow try to find some sellers I just don't know for sure how I am going to do that yet, so if you have any ideas or maybe you were in my my situation at some point what kind of things did you do or what would you suggest?

They are probably aware that the tenant will stop paying at some point in the next 2+ years and they want to recoup their money ASAP.

They expect to make money on it, so if you shouldn’t buy it.