For a family earning slightly higher income than median wages, driving to work to the city and living about 30 mins away with reasonably good house on a > 400 SQM land parcel was possible and totally achieveable.

Location is residential with a park a short drive or long walk away.

The truth is most methods work - cold call, direct mail, referral programs, driving for dollars, etc.

This is a lipstick + flip.New floors, paint kitchen counters, cabinet faces, new bath, install central airWhat was the outcome?

Typical options are: pass-thru, flat rate or percentage. 

The seller has countered with the following conditions:- Loan to value (LTV): 80%- Earnest money held by seller's recommended property management company- Final inspection within 1 day of closing- Commission paid by to buyer's agent is 2% of final sales price.I'm seeking advice on how to proceed, as I have some concerns:- Why would the seller request an 80% LTV?

I remember I used to drive by my first rental property often just to make sure... - IDK, that it was still there??

You might want to visit Detroit if you have not, and drive around the different streets in the city- but I warn you it is very dangerous in many parts.

A good investor agent can find deals for you, you can cold call, drive around, and scour city data.

I mean drive up and down the Eastern part of the state until you find an area that has not been completely discovered.