Then you have instant equity when the market has risen and pre-set sales price.The down side is interest rates on loans might be higher down the road and mortgage insurance for people putting down less than 20%might increase when you are ready to purchase.

So if I can buy It low enough and rehab it their will be instant equity.

If he has anyplace to go, and this is often the issue, I'd offer to give him some cash to move instantly.

Of course the better option would be to attempt to purchase that same home for less than 350k, thereby creating some instant equity and reducing your negative cashflow burden.

I’m curious, so I look up the “property report card” on the county website, and it says that the total value is $195,000.If I buy this property at $170K, does this mean I have instant equity?

I think this is possible because she instantly mentioned that she would take less when she first disclosed the price and the unit needs updating since the previous occupant was in it since the 90s and the one before that, the 80s and neither stepped away from their desks long enough to look around. 

@Cody Evans First of all you have to be someone able to build rapport almost instantly and need a good elevator pitch, but it has to be 100% natural.

Granted, I lived on my phone and email during those 7 days to make sure I could respond to their questions/requirements instantly.

First I have instant access to all inventory on the market and do not need to be depended on an agent (and in my previous practice most of them were not very reliable).

Although, I would have instant equity and could cash-refi later on.