I did not have to consider an extortionate cash for keys amount to a tenant.  

A couple additional things for you to consider: An interesting datapoint may be to look at other options.

Zero "street cred" there.Not sure what you consider an appealing ad, however I'm only adding to this thread because this post had the opposite effect on me.

Secondly, make sure that you are accounting for all your expenses, start with the 50% rule and go from there, I have found where I invest, we end up around 42-45% for actual expenses, so the 50% rule works for me.Also, consider an offer with a balloon payment.  

My questions are:Am I able and will the seller/bank consider an offer lower than the net they've stated???  

However I would not consider an apartment. 

But you turn around and quickly consider an offer for over 80k less with your financial involvement.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Alternatively, the lender might demand the loan be recast at current market rates, including modified payments to retain the same amortization period and fees for doing so, or the lender may do nothing at all.Now consider an AITD buyer who (obviously) takes title subject to the underlying loan.

If you hold title to your properties individually right now and not within an LLC, you may want to consider an umbrella policy if you do not have one already.Many loans have due on sale/due on transfer clauses that transferring the property to the LLC could allow the lender to call the loan due.