In fact, a PM owner approached me about this with a property of his here in the DFW area recently.

I got approached by two people that I trust but they are not able to buy house on their own.

Im thinking if I come up with a different approach to the prospecting and farm these neighborhoods differently and use a different contract I could be okay.

A tactic or approach I take may not be as easy for you to do given different personalities and situations. 

Would love to hear from those with experience in this approach to share their insight and past deals.  

Defaulting to something like 80/20 (building/land) could be a good approach, but you need to modify it depending on location.

I would definitely approach it with caution.

Is there good way to approach this or is there alternatives to this method?

Good afternoon, looking for my first property in this crazy, (exciting), time.I have been looking for wholesalers to approached about getting a property from them, yet all that I am finding is how to become a wholesaler. 

I think that's probably the best method for the low money down approach.