If yes, wouldn't this almost be considered an extremely motivated seller, so why try to sell so high?

Rent would be 800 so remaining would go into the bank for repairs ..Im thinking I need to have enough in bank for big tickets repairs such as AC unit replacement....5000 at the least to replace unit if it went out.

Looking for investor for the last lots in a subdivision!!  Who is buying residential lots??

Originally we thought they were just the debt collector but they served him papers for a judicial forclosure claiming he owed them almost double what was remaining on his principal due to back taxes and home insurance payments that I highly doubt they have been paying.

Depending on motivation some wholesaler's able to put down $10 earnest money.

Then he keeps his eyes out for another deal and lives off the remaining each year without working.. 

.….motivated by insecurity.A "good" tenant is one that pays full market rent.

I have a client right now that needs $20,000 for her deal and already has a 1st and ready to Clyde and is willing to pay points and equity since she is getting the property at 55% ARV and has a motivated seller.

Whether you go 15 or 30, that aspect of financing remains true - your tenants are the ones paying your mortgage.

Some part of Austin are great (Galewood area and some parts around Oak Park) while majority of remaining part are very rough.