Realtor said he'd list in $540,000 range.  

I have been trying to sell the house for six months, initially listing for 710K, but I haven't received any offers.

Buy your lists, smile and dial all day and every day.Negotiate hard, be quick, close quick and close with cash.Your word is your honor and if you snag a bargain price and are under contract with the seller, even if it turns out to be a turd.Buy the turd and eat it.Don't be a turd like many other wholesalers are and let the contract lapse.Right @Bob Stevens?

As far as pricing, HUD does not factor in the "investor price" when they set the initial value . 

We use a flat fee listing agent to save on standard seller commission which allows us the option to offer a higher commission to the buyer's agent

The home originally sold for 1.3M (during the peak of 2022) but is currently listed at 1.1M.

You would get an initial advance that is based on the current as-is value + the money to rehab the house in the form of draws.

I have been eyeing a property that is listed as a fairly new mobile home sitting on almost a full acre, checked out tax records etc and the land does belong to the seller.

This experience highlighted the importance of thorough initial assessments and flexibility in budgeting, reinforcing the need for strategic planning and adaptability in real estate investments.

For your sale estimate: keep in mind that 33% of active listings in the region have had a price drop.