I have used it as simply an arbitrary number. 4033 LEWEIR ST, 38127 : https://docs.google.com/spreadsheets/d/1BCW5cMoX7TrWKk3BwJRQ...Offer Analysis I my initial offer was around 20-25k.

The Fed’s cuts in 2024 initially moved mortgage rates downwards to their lowest level in nearly 20 months.

I don’t know how much initial equity but if your guess is right 10 cents on the dollar is about right. 

My initial thought is that the developers may have gotten a much better deal than they would have otherwise given the clear limitations on the land's use.

On the initial agreement, it clearly stated that the buyer was going to be using financing and listed the terms of their financing

I was initially very pleased to learn that all had been able to purchase multi family properties; I was not to pleased to learn that they all “wanted out”, but felt they were “upside” down and would have to take a loss.  

However, the higher initial investment, property management complexity, and potential vacancy risks can be challenging.

Any advice, tips, or scripts for making the initial contact and navigating this process would be greatly appreciated!

Because I need cashflow proceeds to start being withdrawn in 2 years and not today, I'm looking for how I can build up the empire with a larger portfolio with continued investments beyond the initial $250k now.  

Update: I decided I will pay a $500-750 or so to do an initial hydro-jetting of the system.