With a relatively minor amount of work it is likely to attract owner/occupants with a smaller discount than a flipper requires.If the numbers are this:100K purchase40K repair200K ARVA hard money lender will likely lend 65K on it. 

So, a lot of the negativity is hearsay that gets passed around  Not discounting those here who have had bad experiences.  

@Amir Kabiri  The disadvantages are that if you find a smoking deal out there (that isn't listed) and you know it's worth more than the seller will sell for, if you are licensed, you are obligated to tell the seller the market value, and THEN if they still want to sell to you at the discounted price, make sure you disclose that it IN WRITING, and both of you sign. 

The place either can't be rented at all or has to be rented at a significant discount.  

I am discounting her third of the rent by $240 a month to get her on her feet.  

@Lucas Hall I have just started using Cozy and I had a couple questions:a) How do you issue one-time discounts to tenants?

Then you need to know how to negotiate the deal.Not everybody is going to want to sell you their property at at discount no matter what their situation is, because of one simple factor....PRIDE! 

Here is my opinion so far:US:- 30yr fixed principle repayment mortgage, so actually build equity assuming 0 appreciation- rates around 4.2% right now (also get a small discount through work)- first 4 properties 20% down, then 25%- can deduct all expenses plus depreciation- I have a large liability in USD (student loan) so would be good to have a USD cash flow and avoid FX riskUK:- interest only mortgages with 3-5% fixed rates for 3-5 years...then need to refinance (which can be expensive and unpredictable...also interest only so relying on appreciation)- however, interest only improves the cash flow significantly as the mortgage amounts are tiny- 25%+ down- slightly less tax friendly, it seems- much less space, higher population density and growth...points to higher average appreciation potentialDoes anyone have any thoughts?

•Evaluate better paint (lasts better, longer); colors (hard to notice dirt, smudges, but stylish); sheen (something that cleans easily but looks good)•Negotiate bulk discounts on replacement of major items & coordinate•Evaluate more durable items vs cost across the board•Consider day labor for easier job- Consider selling if people are overpaying for old systems?

You have the opportunity to come in and buy at a discount their property for cash.