How to pick the next property

[Jeff Puciato]

I’m trying to buy my second investment property but I’m struggling in finding one. I want a 3 or 4 unit. There are very few available in my market. I found one I like but they won’t take my offer which was 20k under asking and I’m not willing to go higher. I like to follow the 1% rule and I look at CoCROI. My question is, do I continue to wait longer for a property or do I pay a little more and fall out of line from my criteria. The longer I wait the longer it takes to build equity, appreciation, cash flow, ect. 

Thanks !