Inventory is steadily rising which is only causing banks to unload properties at extreme discounts to satisfy their liquidity crisis.

Now, they need to unload two ot the properties, whether the two newer properties and moved backed to the older house or stay in the house they currently lived in and sell the other two houses.

I may have come across a decent first deal but would need to leverage my 401K (loan) to cover the cash at closing.Details: Duplex (2 bed / 1 bath each)1 Apt - long term rental @ 750mo2 Apt - Renter left less than a month ago and PM is showing - renting for 750According to Rentometer and local knowledge, I believe the rents are about $100-150 lower than they should be (being conservative).Property lists for 129K (was on the market, off market, agent is going to list it again soon)Owner moved to FL for biz and is unloading local properties (Hudson Valley NY).

The part that gives me the weird feeling is all of the issues you've mentioned make me feel like the seller is looking to unload his problem to some unsuspecting buyer.

You might lose a few of those customers and opportunity for referral for other jobs down the line, so factor that in.I love real estate, I think it's cool and fun, I've loved it since I used to go look at homes as a kid with my parent to buy a new one or when they remodeled our house when I was a kid, the smell of lumber and people working.

However, one of the property owners had 2 distressed properties (off market) they were wanting to unload.  

I mean we drop 30k lumber packages in the front yards with no security at all.. out in these areas that lumber would be gone we use flimsly little construction doors with the cheapest locks once we have electrical and plumbing in... etc etc.

I do know some stuff from Lumber Liquidators that is similar is selling for about $1.69.

Prebuilt cabinets, lighting, granite, lumber, vanities, appliances, sinks and faucets, doors, paint, etc. where are you all buying from for your flips/rentals?

You may run into a tired landlord looking to unload the property.I wouldn't expect your deal rate to be too high but I would definitely be curious if it works.Good luck!