Hello Jeffrey,The most straightforward way is to contact a real estate agent in your area that works with investors.

Second is that if you use an agent, you have a fair chance of getting the seller to cover their fee which for a deal like that is probably only half what a normal listing fee might be (perhaps 3% of the sale price).

@Kasey Destache this may affect the Fair housing advertising rules as you are limited to only discriminate based on financing qualifications (credit score and employment requirements).

Should I keep in touch with the seller in case his house doesn’t sell and he realizes that I gave him a fair offer?

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

Hello Betty,Getting through the process is doable but Its all about 2 things.1- knowing the law as it pertains to the Federal Fair housing act.  

They are currently paying almost $200 under fair market value for the property.

Even then, your PM is going to charge you for every trip out to the property so there's a con to balance that pro.Determining management prices are fairly straight forward. 

They could be fairly expensive unless they've done this many times before and are willing to simply mold an existing contract to your situation.

If not I would go work for one, maybe one of the bigger ones in your area for a year or two before you go out on your own and spend a fair amount of money on a franchise.