Seller would be open to creative financing since house needs foundation work.Asking 300kFoundation Repairs- $40k ( could be way less) ARV- $385 to 400k

Sorry, I can see offering a discount for a limited time only, after which the price goes up to whatever the full cost is, but NO reputable seller/instructor is going to literally only give you a total of 10 minutes to make your decision.Sixth, depending on the market you are in, and the specific deals you find, $10,000 could be a ridiculously small finder's fee.

The minimum down payment for a property in this price range would be roughly $27K.That said, you also need to account for bank closing costs, inspection costs, appraisal, attorney fee, and title costs.Your scenario may require a seller's concession to account for these additional expenses.Investing with $50K is totally possible in this market but your journey may be met by challenges i.e.

One seller was indeed making 90k/year in income however-they will never get a true license. 

They started the business from scratch in 2003 with a combination of wholesaling, fix-and-flips, and non-conventional financing sources like private lending, seller financing, and lease options—which remains their expertise today.If you had one question for a professional real estate investor who retired themselves by 37, what would it be??

Why is the seller selling the property?

@John MucilliLets be honest, its very rare that a potential seller calls from one postcard.

I love seller financing. 

How often do you use seller financing?

But maybe you have a motivated seller on your hands nobody else knows about.In any case, I wouldn’t but anything that has an ejido title.