Surprisingly, for some of the complexes the market valuations slipped to under 50% and therefore those properties were underwater, even with "only" 50% debt. 

We offered $75k under asking and they accepted. 

Focus on cash flow, leverage financing smartly, and structure your deals to remain flexible under varying tax conditions.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

@Kent Ford there's a few layers to your post. 

Some things come up that might be hidden which could be piping that needs to be changed out under a raised foundation or something like that for example. 

I would apply to all of my dream homes and trust that the landlords can't refuse me because I would be protected under the Fair Housing Act. 

She was scrambling for a new title company that understood the local subtleties, and my buddy’s referral to a quiet, under-the-radar exchange facilitator near Lake Oswego ended up saving her deal from what felt like a slow-motion derailment.What really helped both of them was teaming up with a local pro who understood the Oregon laws like the back of her hand.

For example, there are a grand total of a whopping 34 multi family properties currently on market for under $500k. 

You can keep it under control a little by keeping the grass constantly cut and nothing laying around the house on the ground..