Purchasing A Short Sale..

[Jason Eyerly]

Hello All, 

 I'm reading through J Scott's book and he mentions acquiring properties by short sale. However, he also says the banks will accept as little as 80% of the appraisal price often times. Assuming you found a short sale that needed little or minimal rehab, how would you go about this anyways, since it doesn't fit the 70% less construction? I'd think even getting 80% less carpet and paint rehab would be near impossible. 

Thanks in advance!