If so, i would connect with those owners and see what they are experiencing and how they handle it. 

@Brett Snodgrass  in my mind totally market dependent.and generally speaking if you have no other way to get properties one probably relies on them and you wade through the garbage to find a gem.those that tie up MLS properties and then try to resell then like happens in Texas I have ZERO respect for... to me its bush league.I know my clients get deals from wholesalers but me personally I don't have time for them. far to many are brand new and do not have a clue and the one's that are experienced have their buyers already...

Its not that they told me anything about this before and I did not take any action on it.Can experienced folks suggest what I should be doing now?

Some recent podcasts have featured experienced real estate business people who not only do well for their investors, but understand the obligation they have to those investors.

You might want to consider hiring an experienced MF mentor to assist in properly evaluating the transaction.    

Just make sure they are experienced in the right stuff and how they charge.Just remember to always do the analyzing numbers and try to look at the property before you make an offer or at least have a clause in the sales contract that allows you some time (about 15 days) to inspect the property and possibly back out of the deal without a penalty that exceeds your earnest money amount.  

If I lived in Indiana I'd be doing a ton of deals.Many parts of Indy experienced zero rent growth and effectively zero appreciation in the last 30 years.

If you're seriously going down that path you'll want to talk to a lawyer experienced in setting up those deals to get the right paperwork and CC&Rs in place.

That kind of deal is not for a novice investor and most experienced ones will stay away from those deals too.

At BP, you can connect with investors both new and experienced while getting the answers you are looking for and getting the deals done right!