She has to remain neutral, and thus it's virtually impossible to have any negotiations.

In my market, virtually the only RE investors who have not done well were those that were forced to sell at market lows due to not having adequate reserves.So I agree with your mindset as long as you maintain adequate reserves. 

it is also located just a few hundred feet from a small university. 

Best of all, the principles are universal and can be applied to all types of real estate, from a single family house to a 100 unit apartment complex, and everything in between.

Ty if you're willing to work with someone virtually there are some great choices here on BP. 

If you combine this with down payment assistance, silent seconds, grants, and whatever other programs the borrower is eligible for, they can get into a home REAL easily and the lender isn't going to back out of the deal because they bear virtually no risk.

Where I live, most people who have reasonably desirable houses near a college or university know what they have and don't want to give it up.

Don't know if this would apply universally, even to cash flowing properties.

It gets harder for them as they are now in their 60's.Tenants are harder and harder to come by because we live in a university area where thousands of apartments are being thrown up every year.

Could I turn a profit on this as a "virtual wholesale"?