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"... 

They will gladly submit your offer and take both sides of the commission but they are not looking out for your best interests on price and getting things fixed after inspections etc.As an investor this can be a good tactic for getting a deeper discounted price on the property.

Some of the ebooks and tutuorials make it seem like getting a property at 20% discount is easy.

I don't know how I'd react if my son was asking me to take my 'life's work' equity at a discount AND with little or no money down.