Hello fellow BP-ers,My wife and I recently purchased our first property, an owner-occupied duplex in Milwaukee (53210 for those of you familiar with Milwaukee). 

You want to offer some sort of incentive such as a hundred bucks off rent and you want to make sure it’s listed everywhere relevant.

The buyer might buck, but considering he has a bird in the hand, I doubt it. 

Then again a professionally trained technician is not the guy you drive down to the Home Depot, pick him up, feed him and pay him $20 bucks for his time. 

So even with a big economic downturn, I have a hard time imaging that prices will fall, at least for properties under the median.So if you got a few million bucks in RE out in FL or NJ, do you hang on it, or do you start to cash out now and go buy something in the Midwest or TX where prices are flat... and way less likely to tank hard...?

For a few hundred bucks (or less) have an engineer come to site and take a look.

And its a few hundred bucks but you need a bond.. and to get a bond you need 700 plus fico generally and then you need insurance.. so it cost you over a grand to get this .. and not everyone is going to have the ability to get a bond  right.. 

If you are making $500 bucks, that $200 gone will hurt for two years.Also, I disagree in part with those who are saying a vacancy will cost you more.   

I'm currently under contract with a duplex in Milwaukee WI. 

Bring a deal to the right person, you might be able to shadow them or even partner up - and of course, make a few bucks in the process.With determination and effort, you'll get there.