Hey Scott,You want at least a 15% discount from Retail price, probably more.

Properties Needing Repairs: Offer to buy homes that need repairs in exchange for discounted prices or terms that reflect the repair costs.

So, you won't be buying at a discounted price like someone paying cash to buy a severely distressed property off market. 4.

They are often sold at a discount, but they can come with significant repair needs since they are usually sold as-is.### Due DiligenceBefore buying an REO property, conduct thorough due diligence.

For more info, check out the law itself AB968: https://legiscan.com/CA/text/AB968/id/2764362 https://www.car.org/riskmanagement/qa/New-Laws/2024-New-LawsAll of the "owner-builder" folks that would get permits for work and then hire unlicensed, uninsured, discount companies to do the work for as cheap as possible will pivot. 

They were not straight forward with the renovations and even tried to hide a painting error they made and have us pay to have the room redone.

If major issues or concerns are discovered, provide detailed information to the seller and either negotiate a discounted price or consider walking away from the deal.Due diligence is the backbone of successful real estate transactions.

I also max out 401k for max and ESPP for 10% discount and while it’s hard to pas up the free money (at least with the match), I know we could use that money for RE now.

Would you even knock on the door to ask them to vacate given the world we live in these days and go straight to the court?

If you look into this option my electrician told me the specific panels and meters I needed and recommended I buy them on EBay where there is at least one electrical supply company that sells brand new electrical equipment at a significantly discounted rate.