The idea goes that as a licensed professional Realtor, you automatically have the upper hand over an ignorant desperate seller, and they might sue you (and your Broker) later for having taken advantage. 

The sellers are desperate to get it off the market and I was thinking it might be an opportunity to get the leg work into a deal so I could wholesale sell it to someone else that could utilize its potential.

A solid investment later is better than a desperate investment now.If you go the turnkey route, especially, focus most on people, even more than market.

If you budge, then you're the desperate buyer and the seller wins.

@Aaron Hoye, realistically, you need to make Offers that are only "fair" to (desperate) Sellers who will agree to a LOT less than retail value BECAUSE you are offering QUICK closing, for CASH!

Welcome Tyler I love the MFR product as it truly is affordable housing which we desperately need in California.

I have been working 9 to 5 for a few years as a customer service rep and it often makes me feel desperate.

The seller could be desperate/motivated so they're willing to let it go cheap/at a loss.Honestly what it comes down to is that Real Estate is an imperfect market.

It's allowed me to help people out of desperate situations while providing for my family.

Is BOA more desperate than Chase or viceversa?