The property is also being sold at a discount as compared to other properties in the area.Regards

or peak of the market (be very careful to buy at a discount)#2 Cash flow vs.

@Ryan EllisI'm curious to know where you learned thisWholesaling lease options or lease option assignments should be done on an option release system First step is you enter into a lease an option with the seller with a letter of intent to sell your interest in the paperwork (or if an agent enter into a listing agreement for lease option)Instead of assigning the deal, you have the tenant buyer place 3% of value of the property in escrow made payable to a title co.You have the seller and the tenant buyer sign off that it's agreed that the 3% is a option release paid to youA new lease and option is created between the seller and tenant buyer (with no large option consideration)You could discount the house value by 3%Use a collection co to take rent and pay underlying note and mortgageHave tenant buyer go to bank and save 3% for downpaymentI would be licensed in FL as you are brokering.

I happened to check the sheriff sales page today for our county and the property was recently listed for auction at a fairly discounted minimum bid.

That just isn't going to happen.If a tenant willfully wants to leave and wants to settle the obligation for the remaining term of the primary lease for a discounted amount then generally a landlord has prepared by an attorney an agreement to vacate,lease termination, and a settlement agreement.No legal advice given.

@Bill Gulley  Engelo is not a Guru he is just a hard working young man who is building a turn key business and PM business.. along with he just launched a real Estate brokerage in Ohio called list and sell which is a discount brokerage for high achieving agents in that market place..  

I would guess that the fund is targeting distressed notes of some kind and therefore is discounting the principal of the notes it targets as investments to deliver back a higher return than market interest.  

My biggest concern is that the property is not being offered at a discount -- it's being sold at market rate.  

The mythical, "it is a deduction" is only a discount on the expense.

You either get the property at enough of a discount to legally decontaminate it and make money or you walk.