Short sales require seller motivation, cooperation and documentation.

Thank you Aaron for the feedback, I am currently very motivated to learn. 

As of now I know it’s incredibly hard to get financing for purchases other than your main home and I’ve heard you can only utilize 30% of rental income after you’ve had it for 2 years for loan purposes..

Finding a cash flow property in the SCV or the SFV is not easy and you will have to hunt for a very motivated seller where you can buy at a good enough discount, fix it up, and have it in an area that would support getting close to cash flow which is no easy task as prices have skyrocketed here (although not as much in SCV).

The rental market in SLT is incredibly hot right now.

I believe he was motivated to sell because he was evicting a bad tenant.

But best find a reliable plumber/ company whose motives are to help you ,not themselves.

As far as motivated sellers, a preforclosure trying to sell on the mls, can I realistically ask for a significant discount if I know I can flip the property quickly with profit(only if I can get them to agree to a relatively steep discount (20% ish)?

Could be the motivating interest in selling now.

You came to the right place to learn more about real estate and connect with other motivated investors.