Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.

@Paul Zofsak They are really helpful if you plan on spending a lot of money in the store.Two biggest things: 1) in-store scratch and dent on appliances2) they will check their available markdowns to see if they can give you a better price on things like flooring, fixtures, and tools (really anything in the store, but I wanted to call out things that I thought might be particularly relevant to you).

My wife and I don't spend a ton of money and try to live below our means.

To that end, I try to spend at least a few hours of my time each month with organizations that help people in disadvantageous economic situations LEARN about finance and wealth creation.

Spending $30k+ is something I'd have to take out a loan for.

Give you the wherewithal to pursue and achieve your long-term goalsMany investors start off "too hot", and they either overdevelop their first property or they spend their money too fast - either of these behavior will stop you dead in your tracks, and you probably won't even be able to achieve your short-term goals - and you certainly won't have the resources to pursue your long-term goals.

Pending on how much they would spend for the down payment is how I would find the deals for them.  

Consider spending 30 minutes for 30 consecutive days on Bigger Pockets.

If you have a little more money to spend, direct mail seems to be a go-to.

On the other hand you could also say that in doing all of your calculations, you realized that you're going to have to spend more in renovations than you previously thought, in which case you'd now like to offer 165K (without conditions)I wish you the best of luck with your purchase.