You can also get a discount on your homeowners insurance after installing them and having a Wind Mitigation Inspection Survey performed.  

You need to be able to buy at a considerably higher discount to make it work.

List Price $ 109,900 Fair Market Value $ 97,900 Discount (%,$) 23% $ 22,517 Purchase Price (Max Offer Price) $ 75,383 Percent Down 3% Down Payment Amount $ 2,261 Amount Financed $ 73,122 Interest Rate 4.00% Costs of Repairs (Make Ready) $ 5,000 Length of Mortgage (Years) 30 Payment Monthly Annual Monthly Mortgage Payment $349.09 $ 4,189.12 Rental Income Monthly Annual Unit A $ 700.00 $ 8,400.00  Unit B $ - Gross Rental Income $ 700.00 $ 8,400.00 Vacancy Rate 8% Net Rental Income $ 644.00 $ 7,728.00 Expenses Monthly Annual Property Management Fees $ - $ - Leasing Costs $ - Maintenance Reserve 32.20 $ 386.40 Utilities $ - $ - PropertyTaxes $ 121.42 $ 1,457.00 Insurance $ 129.50 $ 1,554.00 Other (HOA fees, Lawn Care, Trash, etc) $ 6.67 $ 80.00 Total Expenses $ 289.78 $ 3,477.40 Net Operating Income $ 354.22 $ 4,250.60 Mortgage Payment $ 349.09 $ 4,189.12 Total Cash In (Downpayment + Repairs) $ 7,261.49 Net Cash Flow $ 5.12 $ 61.48 I worked backwards to see at what price do I earn a profit/ break-even my first year.Thanks for any advice in advance!!

Hello everyone,We are consultants who buy properties at a discount and then sell them or lease option them.We would like to hold/rent or retail in the future, so we would love introductions to HMLs and contractors in the area.Thanks in advance for your advisement!

If you purchase a property with section 8 tenants or rent control tenants, you'll get a discount on the property but you'll also need to either increase the rents or evict to get a decent ROI.

My thinking is to come up with a number and then give her a "discount" until certain aspects are completed.

Push for damages for delays or get agent to negotiate more discount.

Or maybe the contractor has some discounts somewhere.Your biggest 2 hurdles will be permits and the mortgage company. 

@Brittany DentIt is extremely unlikely that those county liens can be negotiated for a lower payment or discounted to zeroIf they were nongovernment company liens like mechanics liens perhaps you could negotiate a lower paymentDon't get excited about a property unless there's enough equity for you to make a profit, and you need to subtract the liens from the after repair value to determine "net equity"

A reverse mortgage is probably better when the owner is younger as the value is discounted to mortality tables, at 92, that table only goes to 100, not much of a discount and interest or their yield begins clicking at a higher amount.