I've learned not to hold my breath about anything staying on the market too long around the Puget Sound area.

Then you are stuck with having to evict which is a time consuming and costly process, not to mention emotionally draining as you are going to be litigating against people you may have come to like and trust and whose personal circumstances are out of their control.Biggest issue here is that the bank will be less forgiving than you - they have shareholders and federal regulators breathing down their necks, so while you dilly dally with litigation evicting a family whose breadwinner lost his/her job, the bank is demanding you keep their payment current or they'll take the building from you.2.

My thought process is that this would give me more negotiation room, and allow me some breathing room to do further research on the area.

If you want to give the fella a tip : Tell him to not breathe under water and don’t eat yellow snow !

Better cash flow, more breathing room for expenses and other costs.

@Sarah PursellFirst, take a deep breath.

And yet, I breathed a sigh of relief...

Nevertheless, there are a lot of people who eat/breathe/sleep Disney (I personally find this baffling even if I benefit from the phenomenon) and I expect this is mostly cyclical right now with economic uncertainty. 

Buying significantly under market price will give you equitable breathing room should anything happen to the property (i.e. repair costs blowup, can't sell the flip right away).Best of luck!

She shouldn't hold her breath on it closing