Those kind of discounts last less then a few hours and are purchased with cash.

My PM in Raleigh will send me average rents for the previous year 90 days before lease end and their preferred range and ask what I prefer for 1-year and 2-year leases (I prefer 2-year at a slight discount).  

The taxes are a little over $1200 for it w/o discounts.  

NPN notes are and buying after market notes is a fairly complicated deal for a new investor.. especially if they are owner occ and with all the new rules and such... there is a learning curve for sure.mid west and deep south are were notes are sold at larger discounts you will not generally find Owner occ notes on the west coast sold at large discounts like these other markets and especially low value asset notes

If you use a lot of Behr paint look at getting into their paint contractor discount program.  

But I would add that at the price point some of these properties seem to be in, I'm not sure how much appreciation you're really going to get.And to me, thats one of the big 4 ways that real estate makes you money.1) Equity capture - when you buy at a discount.2) Net Rental income. 3) Principal paydown.4) AppreciationTechnically, there's one more - tax benefits - in that you can use depreciation to shield a lot of your rental income from taxes.  

If he needs cash NOW then he might be open to discounting the market value. 

With this letter the bank should be willing and able to communicate with you.As for the discount on the lien, you might create a situation where you are helping out your "friend" and insinuate through the conversation your "friend" is trying to avoid bankruptcy (which would wipe out their lien) if this lien along with "other" financial obligations can't get resolved.

Either they called you or you called them and you decided they are 1) motivated and 2) want to sell and 3) there's a good shot at a discount.

Which means if you get them at a reasonable discount, you can be all in at 100k to 110k on those.