Then it is up to the seller to decide whether to accept your offer.

I've been tracking every dollar in and out of my REI activities for the past few years and decided to back-test the numbers to answer the question: What if I would have put all those investment dollars into a super passive, super low cost index fund such as SPY?

I have built a website tested one fb campaign that didn't have much success mainly because I was learning how to use it for the first time and have no idea what I am doing except for watching YouTube University - (I did not advertise as thoroughly as I should have with updating all the fb page info also) and have posted on craigslist and received one call from a non motivated seller looking to just get an evaluation of his property's worth.

If you have the means and $300 per month in cash flow is acceptable for you, what would stop you?

Just make sure you're not wasting their time or they probably won't work with you for very long.The other way to do it, is to fire off tons of lowball offers and see which ones come back to you with counter-offers/accepts. 

She is testing you right now and trying to see how you are going to react.

I was also informed that FNMA can accept no less than the listed price for the properties for a period of 6 months after they are listed because they guaranteed the reverse mortgage.  

with no money down and buying at the top of the cycle you could be foreclosed at the first market downturn and i don't think any lender in his right mind would accept such a deal unless you have enough equity in properties to serve as collateral to pay for vacancies and repairs 

In Mass there are a few operators that train/jv with students and might be worth testing out on them as well. 

I had several properties I put bids on where they didn't accept my offer strictly because I was using FHA.