Most likely a "discount listing" Owner pays realtor a small amount upfront to add it to the MLS.

Due to current interest rates, many CAP rates are much lower than they should be and usually there is only so much price discount a non-delinquent seller will be able or willing to offer.

It's been a long-time dream to do a new build and so I'm actively working to find land and begin the process.I agree that the profit margin you post seems very small.

Of course you can get discounts for having certain items FULLY updated, like plumbing.  

Just underwrite a refinance assuming about 30-36% of the money you will receive goes to refinance closing costs at worst, and find discounts when you can.

For flips, ensure the profit margin after all costs is at least 20%-25%.

While it might feel like an extra charge to tenants, these packages often provide value that indirectly benefits the property owner as well—like reduced maintenance calls or ensuring the property is better protected.In my experience managing a large portfolio of properties, these fees are becoming more common due to the thin margins in property management.

It’s creating incredible opportunities for investors to step in, often at steep discounts.2️⃣ Off-Market Deals Are KingMost of the industrial deals I find never hit the open market.

Notice how they presume they are going to buy the asset at a substantial discount from the lender.  

Because I was so annoyed with RentRedi on this I just told my tenants I would discount their rent by $1 every month.