I stand by the statement that PM is a cost center and it is focused on reducing expenses and operating efficiently.

I would think any smart investor is going to want to get the bank to reduce the loan amount anyways.

I've bought rentals from desperate landlords who told me they were physically sick and couldn't sleep due to the stress of their tenant or money situation.

Hopefully you are organized and have reduced the materials down.

I wanted them great deals where I rewarded them for the value and not for reducing their commission as they helped to reduce the price.John Corey

He also took the "for sale sign" out of the prop since it was vacant to help reduce offers.

The SELLER's agent MAY (and usually does) "cooperate" and reduce their fee accordingly, but it is NOT automatic.

I would never own a property and rent for $32.00 a month profit.Unless I read your post incorrectly, I wouldn't touch this deal or touch it, but at a much reduced price.

Many "improvements" have zero added value, but will reduce operational expenses by eliminating or reducing piecemeal repairs and costly, inefficient, service calls.I always TRY to offer units that will attract the top 10% of the tenant pool for the price range... you get top rent, fewer headaches, less turnover, and lower overall operating expenses.As regards commercial property--typically this is NET NET NET and improvements are not an issue, other than negotiated TI's for a new tenant.

You can achieve the same thing in a short sale without having to be under stress on the sale that an auction would bring.2.