until we have enough cash for a nice cushion.The Plan: I plan on purchasing a deeply discounted 3/2 house in need of renovation from a motivated seller with the seller financing the deal.

Yes, they can have a bit of a discount, but never 50% off.  

Also, many of them need some work so you might be able to get them for discount.

It's a bank-owned property and it looks well discounted for the area (65% ARV).  

follow up to this, i went with allied last night, they said if you want to get a discount you can use me as a reference just message me and i can give you the info but pretty  much brokerage license courses and prep exam for CA comes to be around 500 bux

Buying this at $19K may be a discount or it may be overpriced.

Verify that the math is right by working backwards: if I receive $317 in rent it's discounted by the lender by 75% leaving $237.

The significant  discounts for buying foreclosures have really dropped off by me.So in my mind, I think that all that over built areas during the boom are finally starting to level off and get sucked up.

To be honest I joined to get the 22% discount at Sherwin Williams and the 7% discount at Lowes.

The criteria is... time on market since listed, a percentage to discount by (not a dollar amount), and how many bids are being received.That creates a number called "minimum acceptable to HUD"...