This is opportunity to put yourself to the test!

Monday I told the realtor & the landlord said get out in 30 days because now I have to have a mild test!

Ultimately the things that impact asset prices that can over ride what the free market pay for is- monitory policy- government/private sector credit expansion- fiscal policy- Interest rates set by (a private) federal reserve- then finally the consumer ( which is probably influenced by the three prior)- Investor/Consumer confidence

Realtors sometimes knowingly overprice a property to test the waters, so if you come in at 80% and your appraisal comes back at precisely that amount, then you've basically paid full retail price.Don't worry about insulting Sellers. 

But as @Justin Manley mentioned is the bigger test with many having had to live off savings for a month plus at this point. 

On the north side where I work, I am much more concerned about loan limits and the self sufficiency test (only for 3-4 units)  I think in all my years working exclusively with 2-4 units only once was something triggered by the FHA inspection, and it was a flat roof the seller sealed off access to decades ago and hadn't been up there to even check on it in 20 years. 

Another thing to note is if its a 3 or 4 unit, it must pass the FHA self sufficiency test, which at times, makes it harder to get loan approval.

I'm viewing this is a real good TEST of the strategies we've been using over the last 9 years or so.Hope that helps some!

When you occupy one of the units make sure you rent out the empty rooms in your unit for the ultimate house hack!

Long story, but seller ultimately wouldn't lower the price to where it needed to be.