I have called around and spoken to a few investors. Most of whom pointed out that they only invest in properties discounted of at least 40% of the FMV. Is that the norm? Some of the investors even wanted such a discount with the property being in good condition. Now, since I've never done any of these before, am I correct to assume that such deals might be more likely to come from short sales? And since dealing with banks might be a little more difficult (they don't like the assignments), would some investors work with one so as to give a letter confirming the availability of funds? Any ideas or where to find reliable investors would be appreciated. I have been looking up google and my local paper. I am not afraid to talk to people. I just want to at least get viable investors lined up before I did into to the bird dogging thing..