.: So in 25 years people that buy now will be glad.

The biggest question you need to ask yourself is if you are doing this to afford a property you otherwise couldn’t afford or to save money period, that will lead to very different conclusions about where/if to buy. 

@Cameron Porter half off of a $30-40K price may not be enough to make a purchase work.We've seen clients quickly get upside down with Land Bank purchases:(So, proceed with caution and hire a great inspector and contractor to go thru the property before you agree to buy it.

It sounds like you are trying to buy a second property with less of a downpayment than 20 percent.

Quote from @Nicole Laba: I work with investors in Chicago who are actively buying off-market properties, and Ive noticed that everyone has a different approach when it comes to sourcing deals.

Hi, We're looking to invest in properties in Detroit preferably with the BRRRR strategy. We would love to work together with a organization that sells the property and has services like rehab network, financing, prope...

We have 60 rentals12 air bb units, Ohio  and Fla. 15-20  flips and wholesales, between buy and sell close at any point. 

So if you buy a 5 bedroom house and rent the spare 4 bedrooms = you can still sell tax-free under the 121 (you just pay back depreciation) If you buy a duplex and rent 1/2 and live in 1/2.

Buy now!”

That they wanted "Cheap" buys, not intelligent buy's, not data driven buys, not future casting buys, just "cheap".