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I once passed on a 3 unit residential that was going for 35gs. It had strong renters in it totally more than $1,000. mthly rents. The seller was willing to do what ever I asked even allowing me to structure a no money down deal. The only draw back was it had an old octopus furnance system in the basement which, at the time was functioning well and needed no immediate repair. It was a profit cow! And too good to be true! When I asked my agent why it was going so cheap and why was the seller such a push over, he replied; "She's an elderly woman that is wanting to just put some of her affairs together before passing." My reply to him was, "Sure! and after this transaction is over, the two of us are going to buy one of the reactors at the nuclear site, (which was where both of us were working at the time)." I was living in Illinois at the time and real estate offers automatically expired after so many days of not replying to a counter-offer. Needless to say the little old lady passed (God Bless Her Soul), shortly after the expiration of my offer. My advice is like the lottery....You gotta be in it to win it! If you have done your homework, trust your gut!

There's a great passage in the Bible 2 Kings 7: 3-9 about going for it!