I understand they serve as a benchmark when calculating the discount rate but I see people try to predict them on a 10-year basis which seems incredibly difficult for first-time investors and ultimately, we never know what they will be. - Adam

All your best Financing and Discounts and you can learn everything with HUD.

The bathrooms and kitchen especially.

It will be negative cash flow, but does the equity created by buying at a discount make it a good investment?

Full rehab of the home to include new primary and secondary bathrooms, installation of new island and coffee nook with granite countertops, new water resistant LVP floors throughout, new paint, crown moulding in living room & kitchen, new electric water heater, and conversion of coat closet to mud room.

Don't discount the importance of money to bring the deal home. 

A client has asked me before whether it better to ask my tenants shovel the driveway and walkways (and offer a slight discount on rent) or should I hire a company to do it myself to make sure it gets done properly?

Of course, you won't get the discounts that PM's get because your size is smaller.

It will be negative cash flow, but does the equity created by buying at a discount make it a good investment?

It was just a way to earn a few extra bucks when the circumstances proved right.The same for subject to deals; loan subordination; purchasing of “discounted” notes, or hard money lending.