Loc R. is in Cali and might can help also as a note specialist.http://www.biggerpockets.com/users/solidreturnsI think it's important to differentiate when talking notes between the age of the note,the kind of note residential or commercial,and whether the note is performing or non performing,and whether that note is originated by a private party or a bank etc.There are times when a note sells for 85 cents on the dollar but it is usually Class A properties or part of a bulk note sale from bank to bank where they do averaging of the pool.I am not an expert AT ALL on note sales.This is just what I am observing.Private notes with issues and little to no seasoning are getting nowhere near 85 cents unless there is a ton of equity left over compared to value.In that case the risk is less as you still foreclose and are likely to get the full 100% plus penalties and interest.Many sellers are trying to solve a problem with an impossible answer in their minds as the solution.So you have to show them to be realistic and what will work.They either come down to Earth or keep the head in the sky for a little longer.

They tend to be salt of the earth.

The good thing is you don't have too much competition because most don't want to do it, most of those who do suck, and with the dual income society of today a large amount of people are not home.Back when dinosaurs roamed the earth and the mythical single 9-5 income family existed I loved door knocking.

However, I've seen some 18" tiles that looked pretty good, in both earth tones and off whites.

but I don't see how on earth adding some stuff to a $65,000 dollar house could be $100,000.

The listing agent then drops off the face of the earth for 3 weeks, and we end up going through his broker just to get a response to the offer.

Wise County is pretty money grubbing and drives by everywhere looking for changes and even scourers Google Earth looking for that hay barn you build over the hill in back of a 60 acre farm so they can get it added to the improvements value. 

And then, like, the Earth explodes and it's like, a serious bummer. 12.

If you do a web search for that style of house, earth tones were the colors most often used; that helps to explain the roof color. 

@Nicolas Vautier I am about as worried about the water shortage as I am about global warming and a meteor striking earth and causing Armageddon.