We did buy this property at a discounted price, as-is.

Do everything you can to learn to acquire properties at discounts well, and be able to sell them quickly and easily off-market.

You can always get a discount on BP by doing a webinar and getting a discount code.Good luck!

Last night I was evaluating a commercial multifamily deal and I was doing a discounted cash flow analysis.

If you are buying the property at a deep discount and you are benefiting personally from the discount, they don't also want to pay you a commission.

The difficult thing is finding people willing to give you the discount that you need if the property is in a market that doesn't necessarily support it. 

For flips you would need to minus your profit.I would get your ducks in a row for each property, present them individually with individual offers, then as a package offer with a discount.  

The only way to do it quickly is: 1, you buy with high discount, 2, you do some rehab to increase rent/value of the property.

Between my down payment and  discount I am receiving from my father in law I will have about $70,000 in equity. 

As I understand it,The 39k price is so low because the investors that currently own the property bought a package of properties at a discount.