When I was 16, I saw my parents real estate investment take a turn in assisting them pursue financial freedom and when I was 17 I saw the effects of bad mortgages on a close extended family member.  

You sound like you have a similar background to where I was coming from - my folks had me mowing grass and fixing things, collecting rents and making payments for their rentals business when I was younger. 

Sorry to sound like  " Debby Downer " but this is how I see it.

Wholesaling is a hell of a lot harder than the seminars make it sound.

Sounds like it really fluctuates depending where you are at.

This site is wonderful for networking, contacts and gaining good sound information.

Sounds like they are selling on land value for redevelopment and not existing income.If they are making money and the area is improving they can wait for surrounding development demand to increase the dirt value for resale.If the owner is worth a lot of money they are taking the long view to value.

Thank you Douglas Skipworth That event coming up sounds like and excellent idea to network.

@Bob Elliott Not sure what you're referring to.....Nothing has changed as far a bank's ability to pursue a deficiency (never seen one done a short sale though), and the 1099/MDRA hasn't changed any either (currently in effect thru end of 2016).  

The plus side of this is that is sounds like they aren't deferring maintenance due to a lack of funds - they are special assessing as needed.