Appraisers almost always make deals appraise out right at contract price even if they are over priced a little the only exception is when deals way overpriced so I'd be very cautious if move forward.Just keep pushing seller to reduce contract down to the appraisal price.

I'm vary cautious of multi family in class C, there is just too many single family available to have a decent tenant base for multi. 

Should start to separate the cautious from the reckless REI folks.But, data trumps feelings and empty pontifications. 

But be cautious since hard money lenders are not only expensive but they are angling for you to fail so they can take your project and the injected equity.

The money cautious part of my brain reads this and just keeps screaming "but you're wasting money over the life of the loan"You've definitely given me something to think about, because it's going against my "tv" way of thinking. 

You may be able to get it given the proximity to downtown, but I would assume a lower rent just to be cautious.

Be very cautious about homes that require flood insurance.

They're doing well, but not stellar.Thanks to the uncertain economic times in MI, I've been very cautious about what I buy.

Beause of the economy I am being more cautious but I will buy in any state as long as the property has good cash flow and in a great rental area.I do extensive research up front to make sure the area I am buying in is really solid and in demand.

I would be cautious with a seller who didn't want to disclose financial info on a multi family property....