For example:- High paying tenant about to leave and no replacement is likely- Major structural issuesThe seller is obviously pricing in a major discount for some reason.

Hi, Don - I'm an investor specializing in putting discounted deals in front of buy-and-hold investors like you - I'm not an agent, but I'll be glad to work with YOUR agent or direct with you.

But not everyone would be that good at it, or want to do it, so not sure it's fair to completely discount (ha, pun) the idea of a PM.

I have used "rent a center" as well as picked up discount furniture and home good knick knacks from discount stores like marshals wall-mart etc. and can stage a home for the fraction of the price.

And the last buyer an agent wants to work with is someone who just wants to bomb listings with low-ball, not-a-chance-in-h*ll offers.If you want to buy distressed properties from motivated sellers at steep discounts which allow for a profit to be made, you pretty much have to go off market.  

While you may be a perfectly competent person, one cannot discount the fact that your spelling is off. 

@Clayton Smith, basically, cash Investors ALWAYS want a discount, so if YOU want/need cash, a discount it must be.

Internal rate of return is a discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero.

Better yet... find something that is actually a good discount.

Instead of finding distressed properties with deep discounts I'm basically targeting any property I find and trying to negotiate an owner financing deal with the seller that I can turn around and sell to an investor after I get end buyers lined up, the only problem I'm having is getting investors in these properties to buy them.