Hello everyone, my first post on here and I'm about to embark on purchasing my first multifamily (house-hack) and  have heard of a program that gives discounts on mortgage rates (?) 

If you are an investor and you want a clean and easy experience, invest in San Francisco or New York City where you will have to pay 1 million dollars, you will yield 3-4%, you will subject yourself to tremendous speculation and unfavorable landlord tenant laws but you will have a clean and easy experience (and even then you would be surprised when you get hit with a 7K maintenance issue which will essentially wipe out your whole return!). 

Do you discount these properties? 

I can't imagine your own comp not reducing your appraised value if you got it at a nice discount though! 

Always buy at a discount, though. 

Crazy as it seems, sellers in emotional distress and denial over whizzing away their parent's legacy would much rather whiz it away to a local agent who is deeply embedded in their community, who works the soft-serve at church festivals and reads off the bingo numbers at the VFW hall and brings some of his homemade kielbasi to the volunteer firemen's BBQ benefit.Do not discount your local agents who have been eating rubber chicken to pass the card at Rotary events for the last twenty years.

I think buying it at a discount just offers more exit strategies.  

Usually, if you’re looking for higher than that, you can get it by offering discount on the gap days.

Pre adjust the option price to anticipate that if they exercised the option they got credit and if they rented for x period of time they got a discount. 

Great way to go is buy a wreck of a house at a discount with hard money, get it fixed up and then refi out into a 30-year Fannie Mae or Freddie Mac loan.