The sellers I dealt with generally would rather not sell than take a big discount on money coming in every month with cell tower lease. 

Even if I got the property at a 50% discount to UPB and a deed-in-lieu of foreclosure it would still be underwater currently.

The prices have gone way up for "easy" distressed assets (ie high / low balance 1st mortgages, 2nds current on the first with equity etc).But won't these really low end assets always sell at a good discount, and as a result be appealing to those of us who do or want to do it full time?

Do you specialize in purchasing MH at foreclosure/discount and moving them to property you currently own?

It's good to know that FHA should never be discounted.

Can someone clarify how do I find condos that are discounted by its a shortsale /foreclosure?

After reading the Millionaire Real Estate Investor, I have been calculating my prospective REI purchases using a 20%-30% discount off the asking price so I can make my money going in.

So, if I'm hearing you right, @Brent Coombs you'd turn down a property with the following features:Cap rate: 4%Market cap: 1%Reason for the discounted cap rate: the seller just wants out.

STLREIA has monthly meetings with informative speakers on a variety of topics, but the discounts available with the membership were also very useful e.g. an extra 2% off everything at Lowe's on top of the 5% LAR discount adds up pretty quickly if you're rehabbing.Those were the two that came to mind If you're not necessarily able to make most of the meetings.

Most Realtors have access to it either through their MLS dues, or at a discounted rate for being an MLS or Realtor association member.