Totally agree and I think the key word you used is "discipline". 

Cash for keys is common, and frequently the part that keeps tenants from moving forward is not having an affordable place to go to.

Quote from @Robert Ellis: Quote from @Grant McMillan: To all reading this thread, I am the COO of RTR and responding on our behalf.It's important to point out a few key facts in this case since this is not simply a review.

Also, are you looking for turn-key properties or something along the lines of a "fixer upper"? 

Then your strategy of offer full price and then negotiate down / what if they say we will fix the repairs then you would be forced to close and lose your EMDNot sure where you came up with this but many will view components of this as unethical and why investors get a bad rap from politicians

Now you're at 31% return.Now thats making a couple of key assumptions - 1) the property you're buying is around 500k.

Plus funding is readily available and deals need to mature a few years before profits emerge, so why would a turn key provider not just keep a good rental property.Our inventory is so low in Milwaukee, that sellers don't have a reason to give a discount. 

The key is to secure financing options before finding a property, ensuring you have enough funds to move quickly when a great deal arises. 

Communication is key

You can get a second home loan 10% down and look for a turn key property in FL.