Because I had already purchased  the house building courses I got a nice  discount  on thw course I wanted. 

We purchased the note for a 40% discount. 2.

If anything there might be a discount b/c there are so many landlords who want this option so that they don't have long term tenants in the building so they have the option to sell the place vacant.

Milwaukee inventory has just been so low, that even very distressed properties sell to first-time home buyers without a significant discount, so in the end it's cheaper for me to buy properties that already have a new roof, windows, kitchen, HVAC etcI appreciate that insight and it makes perfect sense.

With some of my clients, I've seen discounts of 30% to 90%.Here is a real-life example: I invested in a $50K note; it was second TD but with significant equity (over $200K) protecting my investment.

These are also great markets especially with the discounts we are seeing. 

I would look at the value of the rentals before you make a decision to see if that makes sense for you.Regarding the furnishings, if you have to pay more for them (again here in FL, properties are generally listed fully furnished and you don't really get a discount to tell people to take the crap out - in fact, I had one guy refuse a good offer because one of my conditions was for them to take their crap!  

In Florida most of our compliments are of the outdoor amenities (pool, heated pool, spa) etc.We have a discount on Helix mattresses we extend to our clients and have been getting quite a few compliments on the mattresses. 

Let’s say the discounted purchase price is $200,000 but it could easily appraise for $280,000 with the $10,000 of repairs.

when the OP said the bank is WILLING to take 91k to me that means or infers a default situation and a discount..