Or do you want to tap into the equity tax deferred and re purpose into other assets?

They just defer to the owner, provide no contact info for to negotiate and just told me that's their price, but it may come down if it doesn't sell.

If you end up with any leftover gain, you could also do a 1031 exchange and defer the remaining tax. 

There are some key limitations that are important:Passive losses can only offset passive income.Up to $25,000 in passive rental losses may be deducted against non-passive income if the investor actively participates and their modified adjusted gross income is below $100,000.Unused passive losses are carried forward to future tax years.Here’s an IRS article that further discusses the rules: https://www.irs.gov/publications/p9251031 ExchangesThis strategy allows investors to defer capital gains tax when they sell a property if they invest the sale proceeds into a “like-kind” property.

Difficulty in Financing: Selling a property purchased under a land contract can be more difficult, as potential buyers may be hesitant to take on the remaining payments.Benefits for Sellers: Deferred Capital Gains Tax: Sellers may be able to defer capital gains taxes on the sale of the property if certain conditions are met.

EVERY property has some deferred maintenance and unaddressed repairs, and so you'll have to deal with those when you acquire.4.

A good portion the tenants weren't paying rent or the building had deferred maintainance that atleast in my mind was a huge liability.

Also Dave's, Start With Strategy was really cohesive and really helped me understand what questions to ask even after I had already bought a few properties.As far as condo/townhouse I would say watch the HOA and make sure you know how much, any deferred maintenance and any rules.

The 1031 allows you do that and keep the tax indefinitely deferred.  

1031 tax deferred is for investment property.