Ultimately, the property is sold with a big discount as a distress property or worse.Nicolas Paez 

If not, you'll need to give a discount on those spaces based on the anticipated rent the lot will generate through the year.  

If you have a property that is positive cashflow - then you can sit out any market downturn and simply collect rent checks while everybody else is freaking out - and you may even be in a great position to purchase even more cashflowing properties at their new deep discount prices - hang in there and keep your eye on the market and continue looking for properties that can produce income.  

Or just sell it to a rehabber for the cash discount. 

I am currently in the process of educating myself to avoid scams.I have been introduced to a group of investors and I've been told that if I can help to find investors interested in discounted properties and are open to a simultaneous close that I can get my foot into the real estate door. 

Do not discount your gut feelings when meeting with a perspective tenant.  

I feel that disclosing FMV and offering to list it ALONG with offering to buy it at a discount is as open as possible.

If the seller has authority to sell the home and it's underwater, you may be able to pick it up at a discount.

That gives you the opportunity in negotiating those items to be purchased in off peak times at discounted prices.

For me its peace of mind...would you rather spend $550 now and know for sure and possibly get a discount or potentially spend thousands later to fix something you assumed was OK?