Is that feasible to explore in your situation (naturally you'd also have to offer some kind of a discount to the tenant).Even if its just for a future tenant something to think about - that way, the tenant can "use as much as they want" - they're accountable for it, and generally (IMO) will think more conservatively wheras when the landlord is paying, you may (and certainly NOT all tenants but there are some) who won't care - they'll crank up the heat and open a window on a -20 degree day :)

I am planning on trying to get a 20% discount on price and put 25% down so finding a seller that will meet my terms to make my math work will probably be the hard part, but I figure it takes work to make it work! 

It also in many towns has excellent access into Manhattan which cannot be discounted.  

Am I actually better off because I have the money in my pocket to go invest in these newly discounted houses?

Will lenders/appraisers discount the remodel work due to not having permits vs. having engineering sign off? 

If your offer does not represent a substantial discount on the UPB, then renegotiate.So, your offer gets accepted, what do you do next?

If you are in a seller's market, maybe cash out and hold the cash for other investments or buy discounted properties when it becomes a buyer cycle.

However, don't discount your employment benefits!

Will I have to bid close to the asking amount, or do they sell for a discount, and how much?

Others offer a discount in rent to figure it out on their own.