I have gotten deals using this method when other people made higher offers on the purchase price.

I won't say that I'm an expert on challenging assessments in the city of Milwaukee, but I've known 2 or 3 people over the years that have attempted to challenge assessments, using the "much lower recent sale price" method and none of them had much luck.

You are searching for those that WANT to sell and sell with out the hassles of showings, agent commissions, fixing things etc.To answer the next part of the question I would have to say we are always focused on their motivation which in other words is their "problem" that needs to be solved.

I'm a more experienced churner then investor ( here learning)Using the method your mentioning has the potential to raise flags with the CC companies for misuse of the programChase has been known to shut down accounts and Amex calls you for a "audit"The method is valid but carries some risk if abused

How you do that depends on your ability to understand what solves a problem for the seller and present something that can benefit them, then they will listen.

I'm currently looking for a multi family unit I can acquire with FHA financing. 5k is a decent amount to get your foot in the door with that method providing you get the numbers right.

I just wanted to see if anyone had a creative way to solve that sort of partnership.

More and more investors are choosing this delivery method in our markets as they typically get the biggest bang for their buck this way and virtually eliminate they need for any change orders which can get out of hand without and good well defined scope of work and complete set of construction documents.One recommendation that I can make without hesitation is to be certain that you use only DC experienced and licensed general contractors when you bid it out, as I have seen lots of developers/investors get delayed due to regulatory issues associated with stop work orders and the like because a lot of contractors don't know the process and the system in DC.

I don't know if you've read any of the Peter Conti & David Finkel's books on the subject but they instruct you to employ the same method the man in the comment aboved advised you to.

If you apply an effort to learn the things critical to your preferred method of investing, you will know as much as you need to get started in a MUCH shorter amount of time.