yes, this property will not work unless i low ball them. 

Townhouses seem like a good idea and I have some $$ to be able to jump on a few and really get that ball rolling. 

Most builders have their pet agent who is constantly sourcing and here is how it goes.the agent will find the dirt charge NO fee to the seller thereby getting seller top dollar compared to some wholesaler low balling them.. and then the agent gets the list back on a brand new home.. 

A good idea is especially if you partner with people who could guide you on the first deal then you get to learn as well as invest.There's loads of stories on BP of people who started with less money and got the ball rolling - maybe you will see something that inspires you to get started sooner?

If my low ball offer is accepted, and I end up spending a total of $5-7,000 (adding in extra for labor and any surprises)  on repairs, with an estimated monthly income of $650-700 in rent, and yearly taxes at around $1,000 I'm estimating I could make a pretty decent profit, according to my math it would pay itself off in less than 3 years.

Although I've looked (and made lots of offers), I didn't realize that it was a whole different ball game trying to secure a loan for a multi-family vs when I bought a condo as my primary residence.I was hoping for feedback on the terms below and if they seem reasonable?   

Super low balls are very difficult to get accepted in today's market unless you find uninformed sellers off market.

Get the ball rolling.

I figured it was time to get the ball rolling and make an account.

LOLWow, I wish I would have low balled them even more, they took my request for 50K price reduction....I am adding to the inspection response verbiage that I want to also review the leases and have an additional 3 days to back out to give me time to review the leases.