Typically if no one bids on the property, they will initiate a price reduction on it.

What type of properties are you seeking, SFR, 2-4 MF, or 5+ MF?

Verify that the info of that landlord is correct through property records. 

There is around 500k equity in the property. 150k-200k would get the property fully rented at top dollar with desirable tenants. 100k would get it to where I can rent all the units back out at fair reasonable market rents.

My issue is properties have appreciated a lot since the last one.

After much consideration, I've resolved to take action and pursue a BRRRR property.

Until now I've focused on distressed single-family and small multi-family properties for rehab into rentals (BRRRR).

Then I find out a week ago they sold the property at a loss, ALL my capital is gone, and Ken McElroy goes on his merry way making youtube videos about how much money he is making. 

It's more important than doing individual property analysis, because when you do a proper market analysis, you are analyzing ALL of the properties in any market(s) at the same time.Now, one of the analysis "pitfalls" is not understanding what defines a market, or more importantly, a Micro-market.Another problem is focusing on one strategy, and trying to fit each market/property. 

I've handed off my LTR to a separate PM and they want to be named on a general public insurance policy for the unit, but truth be told, I feel like I need a solid umbrella policy to cover the MTR and any claims against myself and husband as the owners of the property.