But if you think you might get a 100K bump in 6 months, i think that you might want to take a deep breath.

Even "stupid" investors aren't going pay too much higher than the typical cap rate unless they're seeing some way to boost the current income so they can boost the NOI and thus, the value, even with the same cap rate factor.But if you're thinking that the market has a cap rate of 6 there and you're wondering whether some idiot is going to come along a pay a cap rate of 3, then I wouldn't hold my breath if I were you.

OK, deep breath. :) You'll be OK.First, I've been there, and I know it's frustrating, especially on one of your first flips.

Akron is my hometown and I’d love to breathe a little life into a small corner of it that needs it. 

@Zachary Critchett When it comes to drain fields they need to breath and any kind of cover can not allow this to happen.

If expenses increase or rents soften, that is manageable if you have some breathing room.  

Either the operating costs are so high that it cannot make money in its current state (i.e. no insulation, old & inefficient heating system), there is a physical problem with the property, or another issue with title, etc.I would not be in any manner of a hurry to raise my offer as you will need every dime to breath new life into the old building if you do purchase it.

They know if I'm still a part of it, and I retain the management responsibilities, the property must be good...and they can breath much easier.

Breath deep.

Hate breathing in that stuff.Spent $700 replacing broken windows only to replace all of them.Trying to salvage trim then buying all new after spending lots of time cleaning and painting it with worker cutting and fitting it.Personally need lots of margin to cushion my screw ups.