Combine that with the terms of your offer versus others, and you may simply be offering too little by way of price and terms.  

There are always exceptions but I have come to the realization that buying a property with an ADU versus building one is the way, way better option for most investors.I am always on the lookout for ADUs, even if they are not permitted because in my limited experience, it is easier to fix what is there than build something brand new.

There is something called supply and demand, especially right now that makes repair value versus list price wholly irrelevant in most markets.

Buy and renovate an investment home while living in the the RV (versus renting an apartment)3.

A good example is more affluent cities in North Atlanta versus lower economic areas in south Atlanta.

Regardless, I’d pay close attention to vacancy rates versus new housing permits pulled.

They offer great multiple buying the business but pound them on lease terms.Hopefully roof and structure is newer or you could have hug expense in the future.You do not have a NNN lease you have at best a NN lease or modified gross lease which is not as desirable because you can have UNKNOWN current and future obligations for expenses that are hard to quantify but usually a fixed lease rental schedule.Insurance might be high because building is older or it's a single policy versus a larger property owner that gets bulk discount pricing for adding another property to insure once a certain threshold is met.

If you can close as fast as title can be done and ready for you to close, that is a huge selling point to sellers, you versus the competition who will either need cash, or a Hard Money loan to be able to compete with a guy like you that has a suitably sized HELOC.

I agree with Joseph on adding bedrooms versus another unit, especially an attic. 

I just received an offering memorandum for a 24 unit.  It is a condo complex.  They list the annual assessment as a monthly expense.  Will buying a condo complex work just like buying a regular multi unit complex?  Ho...