Negotiating list price on multi family

[Kenny Oliver]

Hi everyone I've been checking the market for some multi family properties in my area but when I do my calculations -mortgage ( redfins estimate based on 25% down and my preapproved rate with a conventional loan) -expenses (water,trash,sewer,insurance, maintenance) Everything seems to give me negative cash flow Anything above the 300k range seems out of reach for me. Have you guys negotiated a property that costs 400k down to 300k before? Is that even possible? It seems the only way to get a good deal on these properties is to lowball by 100k-150k All help is appreciated.