Well done Bryan - especially being patient and studying methodologies.

(If you have some better methodology for low money into this specific deal let me know.)

Also, is the property ancient and going to require frequent repairs?

That said you have the ancient tools of the carrot and the stick (cash for keys VS eviction).

If it has ancient leaky windows, though, you might need to upgrade those - although if I was the tenant, I'd want to see that regardless.Alternatively, if you do want to move it and the crawlspace isn't suitable, there are furnace / AC units that can go in an attic.

Are you comfortable with your methodology?

With me being so new seeing your methodology to analyzing the market will probably help out quite a bit. 

Intriguing option, but my bank is old school and I'm skeptical they would be on board with this new methodology this late in the game.  

Again, this means you be honest and be able to explain your methodology for calculating the amounts you reported.I have dealt with a lot of government agencies and most of them are reasonable about honest mistakes.

It doesn't matter if the economy is doing good, or the economy is doing bad, you simply aren't likely to convince a non motivated seller to sell using atypical methodologies.