If you have a house in "perfect comdition", what exactly do you think would motivate the owner to sell at a 30%+ discount?  

really though floor plan does not matter as much as price, if you are getting a great deal you can discount the rent enough to make up for the floor plan and it will still rent easily in that part of okc.

At the very least, I'd like to get those at a deep discount, finish the repairs, and make them great cash flowing properties.  

While other banks, including the big banks, will sell properties at substantial discounts to current market prices particularly if the property needs work.The only way to find out is to submit an offer to the bank.

Unless there is something unusual about the property it should be worth the potential cash flow divided by an appropriate discount rate for the area. 

When I look at the "hot neighborhoods" that are in the path of growth it is much more difficult to buy properties at a discount or find properties cash flowing above 1% rule.  

Some of these closing costs may include origination fees, discount points, inspection fees, and appraisal.

The flip side of the price problem in our market is that if you're buying at a discount the way you should be, that discount could mean six figure equity in a property from day one. 

does anyone know of places in the Denver Area where I can find discounted materials for General Contractors? 

Most people are smart enough to see through "salesman speak" so you're real leverage is in the details of the numbers on that project.  .....but it never hurts to ask for a discount.....