You don't want to lose money even if bad things happen like vacancies, evictions, leaky roof, etc.I'm assuming you know the area...is the $65k a discount to comparable properties nearby that have sold in the last year?

Two is that this will allow you to grow quicker. by this i mean that instead of spending the extra cash you will have to buy shiny objects, pay yourself the rent (as you would to anyone else (No discounts!))

They won't pay any sort of premium for amenities above the standard of the neighborhood, but absolutely expect and demand a discount for anything below the standard of the neighborhood.  

Sometimes people just keep paying taxes on a property even though they have no use for it and would be happy to sell it at a discount.

I did a Google search on him but didn't find anything bad.The reason why I gave home my cc was because I believe him that he could get me homedeopt gift cards at 40% discount and I wanted to buy them from him.He told me that he bought returned merchandise from Walmart and Homedepot by truck loads and he could get homedepot cards and big discount.

I started collecting coupons and discounted HD gift cards to soften the blow.

Also you'll have more time and resources available to you to make things happen and you won't feel like you're trying to take advantage of people by trying to take their property off of their hands for a 30-40% discount.  

The idea is to buy the defaulted loan at a discount where there is equity in the property.    

In the mist simple terms, you are either trying to buy equity or cash flow at a discounts in order to make a profit.In order to know what you can pay for something, for instance, you need need to know what you can sell it for (and estimate the costs of repairs, dealing with other problems along the way, holding costs and resale cost).

They will expect a discount for this.