Just a FYI be prepared for it to sell at a discount,Jay- I have seen people buying land notes for 12%-15% yield which is CRAZY and they are going to eventually lose their shirt once they go into default and the land value is repriced.Thank you for the info.

There is no special discount for investors , flippers or landlords .

It's a $10 discount for you and me. 

Pro - You can get significant discounts buying cash, to build in more equity day 1

My straight forward thinking is, when water is turned on (slowly) I’ll pressurize all plumbing then open and clear out faucets, etc.

We can discuss what was required, why it was purchasable at a discount, and current value (and value after last rehab).  

Then you take that list and see if there is crossover with some of the areas you are interested in and start there because you have a competitive advantage there (boots on the ground or knowledge).One last thing, don't discount your own enjoyment.

Until out of school and then it's straight into the pit and good luck fighting for survival, get with reality and all that....... 

Some renters become home inspectors and will tear your place apart regarding anything (maybe for a discount).  

If the borrower lies about that to get an investment property loan by claiming it's for a primary residence when it's not, then that's straight up mortgage fraud, which is a felony punishable by a fine up to $1m and 30 years in prison.