Yes, they are more con artist than a real estate operator. 

Here is the million dollar answer, everyone is not meant to invest in real estate, the same way everyone is not meant to be a Rap Artist, Contractor, Teacher, Basketball Player, Singer etc.

I'm seeing these kinds of properties pop up fairly regular.Give me a shout if you want to chat.

Just wanted to pop in and say hi.

Like I also wouldn't assume anyone assigning a contract is a con artist.

Additionally, if they see you have more than your offered price, it goes to show you are a stronger buyer and that you won't be broke and walk when $2k in closing costs pop up.

It's probably going to be a big challenge to find a unit at the right price and then be able to cash flow with it considering all of the extras like HOA, maintenance, PM and any other expenses that might pop up.

In this range, you find the Mom and Pops looking to retire. 

In this range, you find the Mom and Pops looking to retire.

There are not many multifamily buildings, but they do pop up and most cash flow well.