@Beth Anderson Purchasing Short Sales at a Discount is an Art.

Not due til March, you get a 3% discount if paid during December

Not to mention, its no longer being sold as a discount with that $90K added on with nothing to show for it.  

We would like to connect with other real estate investors in our area who have discounted residential or commercial property (specifically properties with gas stations), venture funders, and individuals with discounted mortgage notes.We enjoy networking with other investors and find that "together everyone achieves more."

(he will have it early next week) I made a real big deal about this, and seller is aware price will need to go down, and no residential buyer will touch the house.Home also has an in ground pool, that needs a new pool liner, It also has a light that has fallen out of the side, leaving an open hole in the side of the pool.Assuming I can for an amount that makes sense (I am guessing around 80k after discounting the price to cover the structural issues), Can I expect a Hard money lender to loan on this property?

MLS access is also great for finding discounted properties, research, and marketing for leads.

You most certainly can sell the building before it is stabilized, but buyers will discount the validity of the buildings performance.So, to figure out the {potential} value of the building you need to:1) Determine your revenue:determine what is the market rent for each unit type in the building and calculate your scheduled rent;determine the market vacancy for the area (for each unit type) and calculate your anticipated physical vacancy;Subtract the second from the first above and you have your {projected} effective gross revenue;2) Determine your total operating expenses:These include: property tax, insurance, yard maintenance / snow removal, electricity (house metre), oil/gas (if common heat); water/sewer, garbage collection; janitorial service; maintenance (10% of effective gross revenue); Property Management (7-10% of effective gross revenue); advertising, accounting & administration, etc.3) Calculate your Net Operating Income (NOI): Effective Gross Revenue - Total Operating Expenses4) Now you need to determine/learn the price being paid for similar (i.e. same class of building) cash flows in the local area.  

From everything i have seen to actually cashflow you have to buy the property cheap enough where after rehab you are in it 50% of Retail.Just my opinion of course =]True, you want to buy at as much of a discount to retail as possible, but nowhere nearly as low as 50% of retail.  

That's why people doing this might beat you in your market.And OF COURSE they would buy the house for cash at a DISCOUNT.  

I would say something like you can understand their rates and if there were only one or two windows that might be reasonable however this job is a larger operation and as they are effectively sub-contracting this you expect a discounted rate.