That's primarily an investment question.You should weigh the IRR of holding the property 5 years, 10 years, etc vs selling, taking a haircut on your equity via selling expenses / potential taxes, and reinvesting into something that has a (hopefully) higher....materially higher...IRR to compensate for the haircut.If this is a good long-term investment, capital gains can become largely irrelevant through well thought-out income and estate tax planning.  1031 exchanges, inheritance, etc.

Getting your hair cut?

Over the past month, a lot of speculation in the stock market has been taken off the table with some of the highest-flying stocks getting a long over-due haircut - and it looks like we may be going lower from here.

If the market looks like crap, then do not expect the best tenants and if the market looks like a fresh haircut, expect a higher quality of tenant. * Look at Facebook rental listings for the various markets.

They need to be fully informed as to the actual market value and how much of a haircut they'll take on the price by selling or wholesaling to you. 

I wouldn't mind taking a small haircut. 

@Jane Hall I followed an adage in the Army saying "if you think you need a haircut, then you need a haircut". 

When I went out to inspect, found he didn't have the energy to shave and get a hair cut either.

So in the previous example, offer = ($100,000 X 0.7) - $20,000, or $70,000-$20,000 = $50,000 maximum offer.That's not usually going to be successful in the current seller's market unless the property or seller is in some sort of distress and willing to take a haircut on the sale price. 

So you'll either have trouble selling the property or take a serious haircut on the price from a landlord buyer who knows they won't be able to raise the rent for the next few years.Personally, I would never offer longer than a 1 year lease.