If you notice the sales are all for similar prices or losses, then I'd look more closely at the details and see if there is something you missed that makes this building undesirable.

I presume you know your area well, and I know that in my area you won't find a prop for sale at $59.5K that doesn't need capital improvements (e.g. more than paint) or is an undesirable neighborhood, renting for $625.

As a rehabber, I was focusing really hard on the numbers, but an undesirable neighbor can easily lose you 10-20% on your ARV.

What if the home is located in an undesirable neighborhood in Atlanta.

In speaking with my mentor/buyer, I now know what constitutes as undesirable property for most investors in my market(like this 2/1).

I recall the investigators laying into the concrete supplier, reconstructing the mixture and running tests on samples, that kind of stuck with me, seems the engineering firm did take a hit on that.Wade, do you know of any material related issues that would make an 80s project undesirable?

@Craig Montesano ,Since the 1960s, I have preferred to own and personally manage income properties that have a target market that some would consider undesirable.

The area immediately surrounding the school was university-centric, but there were some undesirable areas on the outskirts of the college town.In my area, the most profitable college rentals rarely hit the market.

Courses are helpful, but the many peripheral services they offer are very expensive and can been done as well at greatly reduced prices elsewhere if you look for them.  

Even though you say it passed inspection is there some issue that makes it undesirable?