Crazy-town.For every flip tax that stops a flipper, there is a buy and holder to take advantage.For every condo that can't be converted, there is an opportunity for potential TIC.For every tenant under rent control, there is a discount (sometimes significant) built in to maneuver to full market rents.For every migraine created and ridiculous law implemented, there is another long-term millionaire made.

But then they credit that cost back to youThen go on ebay and buy a 10% off coupon to get an even further discount.

I have seen manufacturers discount their product(s) up to 75% off because they know they are competing for the business.  

Smells like some opportunity, especially if you can get a deeper discount.

Usually, if you can buy a property at a discount including the repairs and the cash flow makes you happy, you can call that a good deal.  

Do you mean to buy properties at a discount then resell them?

Do you need any special editing software?

You might be able to save money if you self manage, or as in my case, my manager gives a discount from 10% to 8% once she started managing more than 5 units for me.  

You can use powerpoint presentations and a host of other software programs to present the opportunity to them. 

If you foreclosed on the 2nd, then you'd be the owner, negotiating a discount on the 1st as the owner (as opposed to the borrower).