Don't forget to try to discount that 2nd when it close to paying seller off.

Off-market deals usually come with discounted prices, no bidding war, and less pressure.

Maybe I will get a bunch of cheap bikes and just throw them away every time they break 😂 Pretty sure I can find ones under $60-80 from discounted stores.

So, the owner sold the property to me at a discount.

As an investor in San Antonio's real estate market, I've found success in acquiring properties sight unseen at a discount.

You have to do the math and figure out what your long term ROI is going to be and then discount for risk and the level of effort involved in real estate. 

I wholesale the vast majority of my deals and market direct to motivated sellers using direct mail, and online advertising, which enables me to find highly discounted properties.Funding: A private lender loaned me $57,000 in private money at 12% and 2 discount points secured by a 1st mortgage.

There is a tremendous amount of information available to you here. 

They aren't going to negotiate a discount on the mtg for you, as the new owner.  

the necessary repairs are as follows:  water heater missing, furnace looks old. paint all rooms, new flooring needed in most rooms, ( something i can do myself), recondition kitchen, replace entry doors. the house already has a newer roof and newer vinyl siding, virtually no work necessary on the outside. given my rehab skills, nothing will need to be contracted out, so i am able to save a tremendous amount of money on the rehab, which is why the following rehab number is so low.