Put in a proper exhaust.

You’re likely going to be on the hook for S/E income on it once be depreciation and losses have been exhausted, so, just be cognizant of the overall picture!

Have they exhausted all other avenues?

We practice "safe real estate", so this is all possible but not necessarily what will occur.This is not exhaustive and does not constitute any fiduciary responsibility, it is merely one man's opinion on a public forum.

If your CPA doesn't have viable solutions for you, then make sure you exhaust your idea with more professionals as you may outgrow your CPA's "traditional" knowledge.

Be strategic and do your homework - if you do, you'll have a great investment property that will withstand market fluctuations.

You're going to want to follow the following general rule of thumb:- 0.5 mile radius- same zip code- Sold in last 3 months- Same unit count- Same bed/bath count- Same square footage(this is not fully exhaustive but they're the big ticket items)If the appraiser selects comps that are closer matches to the above than the comps you want to use, you're going to have a tough chance arguing for the usage of your comps over theirs. 

Probably won't be any amazing deals, since he's not under pressure to sell, but might be worth a look if you exhaust what you can find yourself.

I can withstand the next 5-6 months but if I have any vacancies or repairs I am going to hurt a little.

The point is make sure you exhaust your search for answers and don’t get mesmerized because it’s a great deal!