I'd imagine the interest rate plays a large role in what discount is given, along with house value, down payment and credit score of mortgagor.

In some states, particularly those with warmer climates and robust population growth, seasonality plays a less significant role.

Some of the further out areas seem like a good investment and appreciation play but I personally don't want to live out there yet. 

Almost zero but normally they play nicely.7.

Gotta 1 up @Jonathan Greene its for sure a different and more relational game. 

When the market swings the opposite direction, you'll be ahead of the game.

Hey Jude,Welcome back to the real estate game!

I also know that they "didn't know about the sale ahead of time", so I have to imagine that played a role in the lien. 

I will play devil's advocate here. 

In my opinion, house hacking is the easiest way to get into the RE game with the lowest money out of pocket...plus if you throw in a renovation loan like the 203k or homestyle, you can boost your worth quickly!