I would try and do more comparative analysis to pinpoint what fair market rent is. 

I did a quick google search for "we buy houses" and cant pinpoint an actual investor that capitalizes in wholesaling, so thats a definate area I want to explore.    

If it would have been a consistent problem, it would have been fixed a long time ago, but the technician could not pin point exactly what was causing the breakers to flip, and because it would only happen once a month it was impossible to blame it on the wiring at that time.In Sarasota and most of Florida you can easily screen tenants online.

I think what is owed on the property is irrelevant until you can pinpoint a much more specific ARV.

I could likely pinpoint the issue quickly.

It was under a parking lot and I had to call out a locator to pinpoint the spot. 

Pinpoint an area, price range, and basic plan.

However, as a real estate asset owned property and you wanting to pay less be sure to pinpoint the imperfections of their assets.

I need to learn more on soft money.Thank you Richard Balsam, your comment has helped me think through a lot of different scenarios and help me pin point the areas I needs to educate myself in more. 

We have used a realtor to help pin point properties to look at.