For instance, if a window sticks a bit, or a bathroom is outdated, or the floors need attention. 

If your here with boots on the ground you will be able to pick those houses at a deep discount that will be best bang for your buck. 

Flooring @ 2.50 sq ft 9625.0 1920 Wires@          10,000  very rough estimate 2 bathroom upgrades 15,000HVAC                    10,000 in dallas u need A/CLandscape and driveway10,000(usual figure would be 10% minimum on a new build)Paint and wallpaper,        2500.Plumbing?

Either way he would profit immensely  1) if he could force a payoff of his note through refinancing he would  receive a payoff  of more than 250%  of the money he paid for the discounted note, or 2) if he acquired the property through foreclosure his profits would be several times greater.  

It had one window in the studio room, and one window in the bathroom.  

Sent a P&S for a solid property in MA significant discount.  

You can even find coupons in our Investor Discount section of the site known as BP Perks.

I regretted doing it & now the 'bath fitter' solution is the only viable option as I am NOT ripping out another bathroom.

A premium asset will almost never sell at a discount/high cap rate.

Originally posted by @Lacy Goldman:  We've purchased HUD homes & sold them to investors using the following methods:Purchased the property outright, held it, then sold it- Not optimum because of closing costs but if purchased @ a deep enough discount it worksPut the property under contract in an LLC, then sold the LLC- Again not optimum because of costs to establish an LLC & the subsequent paperwork.