You are better off finding a solid property that needs light cosmetic work (paint, floors, or maybe even a kitchen or bathroom remodel), buy it at a decent discount and put 25% down or more (this is when you get best rate terms). 

Additionally, the STR market is quite oversaturated right now as well

So, if you put in 20K, you could set the bid up to the amount of the 100K total debt(80K existing + 20K additional) to ensure that the property reverts to you as the lender.

I be sure to offer nice weekly and monthly price discounts. 

That's a significant discount --- I wonder if they are seeing a decrease in homes posted.

They said they would but wanted the park's balance to be discounted.

And, FMV on 1/6/25 is not FMV today because now you don't have a lot in an established neighborhood, you have a lot in a disaster area which comes with the challenges I listed above.We built about three dozen "fire lot" homes after our fire--all lots acquired off MLS or from owners that came to us (we didn't market for lots), and not at a price that anyone would call a "discount". 

We are only selling completed homes with our own in house financing currently at 3.75%, a huge discount from most bank rates.We are a long time property provider for some of the bigger podcasters: Real Estate Guys Radio, Marco Santorelli (Norada), Kathy Fetke (RWN) Jason Hartman ( Empowerd Investor) GRE (Keith Weinhold), Whitecoat Investor Group and more We also work with American Homes for Rent, Invitation Homes, Crescent, Haven Realty (JP Morgan) to name a few on the institutional side We are partially owned as of 2022 by Sumitomom Forestry, which means we have no bank debt and self fund all our building projects.

Buy at a discount given the lack of building potential and can always pass that discount along when I sell.2.

Quote from @Austin Clarence: @Derek Tschilar 's wheelhouse  I specialize in helping investors find off-market properties at a discount perfect for rehabbing to boost rental income or flipping for profit. 3 Off market deals for my investors in Jan AloneCall or text me to set up an interview (480)432-4849