Owners are trying to sell them now for a similar price (or slightly higher) to get their money back, but the numbers really don't work, as you said.There are a few multi-family properties here I've become aware of that are not yet listed, but none of them are particularly enticing to me (I'm not very interested in C or D properties - I prefer turning things into A properties!)

Bill - I do not have the 20% down for this purchase price, which is why the seller carry of the 20 is so enticing to me, but also why a portfolio lender might not want to fund me.  

There are some really creative ways you can write offers to entice sellers to handle evictions and/or repairs required by the FHA appraisal. 

What is enticing you to make the move? 

While city proper may be enticing, be sure to not blindside your potential with other outlier neighborhoods.

@Kenneth Cheston I'm a little unfamiliar with the Baltimore market as I'm from Pittsburgh, but this deal looks pretty enticing even from a perspective of a "lower priced" market.

My first thought was that to be able to make the same amount of $ per month without actively managing it sounds pretty enticing.

If your tenants are excellent in every way, then you may consider keeping the rent around 5% below market as a reward or enticement, but I don't recommend much lower than that. 

I could see how multi family can be enticing especially being out of state as one central unit with economies of scale would be easier to manage.

If they have a time line Then a lower offer that is more secured and has less chances of falling apart would be more enticing.