If you are able to buy at a discount and want to get most or all of your cash out of the deal and use that same money on the next property without having to wait 6 months and are willing to pay higher points and fees for that flexibility then you may want to look into unconventional financing where there is no seasoning period.  

What is the likelihood of an accepted offer at that much of a discount?

I would need to have at least the 2% rule as a starting point, AND get it at a significant discount to appraised value. 

He gets back to me with a "discounted" bid from his internal architect and engineer of $2 sqft to get everything done.

And you can always give someone a rent discount for being your "eyes and ears" on the property, but that shouldn't cost more than a couple hundred bucks a month. reserves of $300/unit counted in expensesReasonable, but not an "expense," (i.e., shouldn't affect NOI/value).

good concept Bryan, flipping vs buy and hold are keys to how wealth can be generated by using two different methods of investing aka envesting as i like to say, i'm a newbie in this industry my plan is to buy and hold rentals and later refinance the property and reap the benefits of the cash flow to purchase rehab and flip discounted properties that i find along the way, my strategy may be different than most but most of my educational coaching suggested looking at every deal as if it were flip and or rehab, i agree with Bryan, if i can get the cash flow and equity that buy and hold offers then that is the strategy that works best for me, but if i run across a flip/rehab that is worth my while then i execute accordingly but leverage is a important aspect of the buy and hold strategy will be implementing in my world.......good luck on your investing journey

I would just get the basics: sofa, coffee table, a set of pots and pans, dishes from a local discount store.  

Hey guys this is my first post on this site and I am tremendously excited to start investing! 

2) If I did decide to exit before the deadline, there will be such a run-on-the-bank that my notes would sell at a huge discount (in addition to the loss of value described in #1).Maybe I should look at the silver lining and jump in and buy a bunch of discounted notes on Folio.Text of e-mail:A Message from Prosper and Folio InvestingWe are writing to let you know that as of October 27, 2016, Prosper will no longer offer the Folio Investing Note Trader platform, the secondary market for Prosper Notes.

Code violation liens in FL are frequently discounted, each city/county has their own "formula" or procedures.