He said it kept the bank from having to execute the eviction process, it salvaged the owners credit by not having a foreclosure on it, and the buyer gets it a much lower cost, because of the leverage of the impending foreclosure.

The higher the risk, the higher the cap rate, the lower the price.My advice to anyone who is getting started: buy something safe.

I furnished 2 STRs for that amount, just go to either high-end thrift stores or a lower-end antique store....you'd be surprised at how little you can pay for solid wood furniture...

@Robert Quiroz I’m seeing sellers who purchased at a lower price and either have low interest rates or little to no debt on their property.

The lower level is called Foundations where you just go through his training (to become a sophisticated investor and invest with the people doing the deals) and get to attend his networking events (in order to build relationships with these people), but you don't get to work with Brad directly. 

The rates will be lower and will allow you to maximize profits.

Use negotiation to lower the price from the “no go” asking price to a “go” lowerpurchase price.  

I used Roofstock to sell one of my rental properties in TX as their sales commission is lower than going through traditional sales channels. 

I adjust pricing based on demand, like raising rates during peak season or local events, and lowering them in slower months to stay competitive.

You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1  Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.