Aloha, In a market where the sale-to-list price is 97.9%, homes sold above list price is 18.7%, and homes with price drops is 51.4%, I’m exploring how to respectfully submit an offer with a 30% to 50% discount on the listing price.Beside from the following actions, are there any additional steps I can take to ensure my approach is considerate to both the seller and my agent?

The minimum down payment for a property in this price range would be roughly $27K.That said, you also need to account for bank closing costs, inspection costs, appraisal, attorney fee, and title costs.Your scenario may require a seller's concession to account for these additional expenses.Investing with $50K is totally possible in this market but your journey may be met by challenges i.e.

@Yinna Wang Make sure whoever wrote the policy knows that one unit is being rented because there may be additional requirements.

The Philadelphia market could be a decent option for you, as with your liquidity, you could potentially get into a couple of cheap rentals to start building equity and get a little bit of additional income.

Additional resources I'd recommend are:- The millionaire real estate agent by Gary Keller- David Greene's books from the BP Bookstore- The E-Myth by Michael Gerber*** These are not resources related to the course but are helpful for anyone looking to get into the business

We do currently have around $50k set aside for our next downpayment as well (that’s in addition to a $25k emergency fund).

Here are additional instructions for the form.How do I start a QOF and can an LLC be a QOF?

Thank you for this additional lead. 

I'm looking to connect with anyone who has experience with these types of loans in addition to anyone looking to build out their network as I am.I look forward to hearing from you all!

Scott's book on estimating rehab costs, it's a must read in this area: https://store.biggerpockets.com/products/the-book-on-estimat...In addition to that, I would check out my article on due diligence.