A lot of out of town buyers end up getting stuck with a house that needs more in repairs than it would ever be worth. 

I've spoken to 2 different homeowners (one Single family and one condo) who are interested in selling to cash buyers but their asking price is WAY too high.

make sure you have done your homework before meeting.Know your numbers.Comps.Best neighborhood comps are sold properties off the local mls.Do you have a buyer?

Hello,I'm posting on behalf of my parents (mother is buyer and father is buying agent and planning to occupy home).

I also think buyers and sellers alike aren't sure what will happen so if there isn't a huge amount of interest in a unit then you will be in a better position as the buyer if the seller has to sell.When the HST tax came into effect several years ago there were a few months when there was a pause in the market and then when people realized it wasn't going to have much of an affect on price it picked right back up.  

It's obvious that if the buyer has $5000 and the owner wants $5000, then there is 0 profit there.

I will say that from the buyers I work with, their goals are not to have much cash flow as much as they bank on appreciation in the 1-2 bedroom market.

Then immediately contact all the cash buyers you just found that buy properties in that neighborhood and tell them about the house and would they be interested in buying it.

I'd love to hear your recommendations on neighborhoods/parts of town where first-time home buyers and other entry-level SFH homes are purchased (~ under 250K).

The purchase price and date of purchase are agreed to, buyer pays a deposit + monthly rent + monthly rent premium.