Competition are all located on opposite corners of the town and the owner claims there is a good relationship between all of them.Asking price is $210,000.... $18/sqft, so am I missing something or is the deal of a lifetime?  

Form a LLCStart a relationship with a portfolio lender in the area.

I am looking for a long term relationship with a good amount of real estate investing.Respectfully,Jaren Woeppel

This is something that could easily cause bad blood in the relationship and for me, that is just not worth it. 

I work with contractors on a daily basis and have good relationships setup with like minded people. 

A local bank I have a relationship with underwrites annual operating expenses for small Multifamily 2-4 unit non owner occupied at 30% of net rents, for example:Gross Rents = $48,000 Subtract 10% Vacancy from Gross Rents = -$4,800 Net Rents = $43,200Subtract 30% OpEx from Net Rents = -$12,960NOI = $30,240What percentage do you factor when underwriting OpEx for small and large multifamily in your market? 

The more I get involved with real estate it, the more I find it is about relationships and helping the other person get what they need.Mike

Forging these relationships will help you to get known in the market.Think about starting to write a small column in the local newspaper.  

Build a relationship with the attorney.  

It takes a little time to build those relationships.