Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

The market here offers a lot of potential.I highly recommend making a trip here to get a feel for the different neighborhoods and understand where the best opportunities lie.

It's a good market with year-round demand that peaks in both winter (ski season) and summer (beach / lake / hiking / etc) season. 

There's a reason that people try to buy properties off-market and that is because you can find sellers who care more about terms than maximizing returns.So start with a conversation: you already presumably have some rapport since it's your landlord and you've spoken before.

If there is minor rehab (such as painting and cosmetic improvements) you can still close on a DSCR loan, however it may affect your appraised value, which could also affect your market rent if its a vacant property.

So is it equally illegal when the large landlords drop rental prices in a building as vacancy increases and the market softens?

They can offer valuable insights into the local market, potential rental yields, and specific considerations for a rehab project like the one you're planning.

This will be costly in today's market and interest rates, but might be worth a shot if they can afford to stay.If they don't want to stay and you want the the townhome to rent to someone else and just want to assume the loan, well then she can call the lender and see if the loan is assumable. 

Market conditions being one of them.

With that, if I were the seller, I'd ask for a little more than the current market value of the land.