The deal attracted multiple offers, and we initially got outbid.

I initially offered $200K in cash, but the seller countered at $240K.

In fact, some of the best opportunities in real estate come from properties that others overlook—distressed homes with potential that just need the right investor to bring them back to life.If you’ve been in the game long enough, you know that distressed properties can offer huge upside, but they also come with their own set of challenges.

Our primary property management partner oversees more than 200 of our clients' properties and offers MTR management at competitive rates (I do not receive any referrals btw).

I recently had an offer accepted for my first multi-family property!

Quote from @Alex Brown: Seeking recommendations for a CPA or Tax Strategist who specializes in RE and REPS Status.This post should help:https://www.biggerpockets.com/forums/51/topics/1222774-expla...And none of us is allowed to offer you our services as long as this post is in the tax forum.

. --- They will offer to fix them in exchange for lower rent, but ask yourself, if the tenant has been living there for 25 years, why isn't everything fixed already?

Anyone that has sold items privately would have countered any offer. 

They also tend to offer good cash flow relative to their cost, especially in areas with high demand for affordable housing.

Find out what they offer as far as education and support, what their fees/splits are and what their expectations might be.Remember, you will need a certain amount of continuing education hours, and you will want a Brokerage that has the support you need to help you through your contracts and answer questions.