Listing Price:$ 99,990Down Payment: 20% ($19,980) Closing cost: $5,100Loan balance: $79,920 @ 5% for 30 year termEXPENSES (Monthly):Principal & Interest: $ 429Vacancy $40Water/Sewage: $0Taxes $212Insurance $76.50Utilities: $0Management $144Maintenance $24Trash $0CAPEX $172.80TOTAL : $1,098INCOME (Monthly):Rent 1 bed 1 bath $800 (occupied on 1 year Lease)Rent 1 bed 1 bath $800 (occupied section 8 for past 10 years)TOTAL: $1,600I plan to offer about $87K to sweeten up my cash flow, considering they have already dropped the price before and seller is motivated due to acquiring this property from a deceased family member.

My guess is the true power cash has will vary depending on markets, seller motivations, and other variables.

Hello group I'm getting started on this new endeavor and need some advice on the best way to find motivated seller lots of ppl say to market myself and yes I'm going to do that...

But it's not a large market (c. 70 property transactions all year) and incredibly tight right now (less than 1% vacancy rate), so very difficult to find sellers who are motivated to take a discount.

I’m very new at this, and for motivational reasons I am kind of just going through the motions and learning as I go along.

Love the motivation!

I moved to Florida a little over a year ago, I bought my first (and only) house about 4 months ago.I am highly motivated to start in the real estate filed.There is one problem- MONEY.Right now I'm trying to save money to invest in a second home.Every morning I wake up to a 9-5 job, stare at the computer all day,and I feel like I can do so much more.I know how to work with my hands, and I renovate in my free time.I would love to work in this field and to learn the profession.If anyone is interested in mentoring a young and motivated guy, please leave a message here.Thanks!

Market for motivated sellers then market for motivated sellers then market some more for motivated sellers.  

Good luck, expect to pay over market prices for multi family in a decent neighborhood unless you learn how to market to find motivated sellers yourself, can do some serious MLS magic with a magical realtor.  

@Elizabeth Klingseisen Great motivation, thank you!