This is why I always laugh when I see guys with fifteen posts here on Bigger Pockets confidently tell the community that they KNOW that a particular property is undervalued, usually by a huge amount.

So buyers usually want to only go this route if the item is really important.

Plus the loan can be built out with no PMI and usually a lower monthly cost than a comparable FHA loan.

I offered an immediate payoff for a $50,000 discount, and was able to negotiate a $32,500 discount, with the provision of no negative report to the credit bureau.

I really appreciate everyone's reply here, whether it is negative or encouraging - I want to see opinions.To be clear, i wouldn't just be using this money as an investor, I would actually be building a company with the family, and if successful become a partner.

@Davey DavanoskiYou don't really pay yourself.Flips are different, the profits go towards your income.Rental properties generate passive income, but if you're looking to retire from a day job it's not usually possible for the average person owning 1 or 2 properties.As an example let's say you have a target goal of $300 positive cash flow to consider an investment.

On market I usually have a 24-48 hr acceptance period and then my offer expires.

On market I usually have a 24-48 hr acceptance period and then my offer expires.

The house raising or demolition is usually mandated when a house has substantial damage, or some similar term they use, which basically means over 50% damaged. 

Usually 50/50.