@Jay HinrichsYup and people will buy them at tax sale then sell them seller financed for $5k after paying $100 to some sucker who wants to own vacant unbuildable land in middle of no where for $100/month

Due to my job, I have very little time to actively manage and am requiring everything from furnishing, renovating, and handling the daily responsibilities of managing a short term rental.

So long story short I purchased a 2 family in nyc in 2015 I owe 399 on it mortage is 2800 p/m but I bought it with fha loan so I am paying PMI.

in future I won’t put down 10k deposit neither. as far as what I know that sellers agent said they have another offer on hand, that wasnt too long after the price drop to 224k, i might have trust issue but maybe she made it up?

Even after finding a qualifying building, if you can use the new 5% down program you may find less resistance to your offers since sellers often don't want to deal with the additional inspection.

What is the average/normal financial incentive given to realtors that provide you leads of distressed sellers that are willing to sell RE at a discount?

Well, my response is 'How much short term borrowed money did you and your company have in 2007?'

I did not have most of these on my short list.  

The exception to this rule would be if you are planning to do a short term rental, in which case you should approach renovations with an entirely different philosophy.I run a meetup in downtown Matthews called South East Charlotte Real Estate Investors and would love to have you there - our next meetup is April 1st at Beer Temple in downtown Matthews.

Seller Concessions Rules: Sellers can offer concessions through MLS (like buyer closing costs), but it cannot specify buyer agent compensation.