So you're entire premise is built upon seller being dumb....Not to mention handing it over for near market value, with an amazing rate in place, and property condition being turn-key, and seller not having any hidden issues say an IRS tax lien or what not, and, and, and..... 

It is a lot of properties in Rochester for amazing prices, kinda of scary and exciting at the same time, because i read the deals can be good depending on the streets.

I'm a few years into this gig and it's an amazing way to build wealth.

It amazes me nowadays how people will throw money into a market and not spend any time in it(pre purchase) then wonder why it didn't work out.we literally purchased our second stilt house by walking up our stairway and the owner (of our now second str there) was walking up there stairs and we struck up a conversation and purchased it off market.My advice, allocate some of your investment funds to knock on doors and hang in the area you buying- its priceless.

She was able to set me up with a private lender that is amazing!

While working on the house last week, a woman and her adult son stopped by to ask if we would be renting soon.

Anyone thinking of doing this approach should check out Cask Construction in St Pete, they do an amazing job. 

Jocko Willink wrote an amazing book called Extreme Ownership.

We had 1 short sale which was amazing and are interested in more of these. 

We found an amazing 4 unit mixed use multi unit we want to live in.