I have this situation below - The below chart is from various properties. 

@Adam P,Your 1031 situation is a reality that likely not many investors prepare for.  

Maybe it's all independent on ones own situation.

My situation is this:I have about $150k in assets broken down by $50k in cash, $20k in a 401k, $50k in Roth retirement accounts (can be pulled out without penalty but would prefer to avoid losing tax advantage), and $30k in liquid securities. 

You're basically there to help them by buying at a fair price and get them rid of potential problem and hassle. when I meet people in that situation I tell them: I'm sorry for your lost, just wanted to let you know that if you are interested in selling xyz property, then I'd be willing to make an fair offer on it and help them avoid potential adversity by buying with no condition and quickly. 

If he still wants out is a Lease option an idea for this situation?

Welcome Stacy - I'm in the same spot & situation.

Dear BP Community:We are buyers on a property where the appraiser unexpectedly appraised the property to be in Below Average Condition. Our lender informed us that in order to qualify for a conventional loan, the prop...

I know each situation is different but is this rare or within reasonable expectations?

That said I think until the public transit situation gets fixed I think there could be limited growth.