Get the inspection report and check comparable properties quickly for condition and then go to the seller with your proposed reductions and be able to point out condition-comparable properties in keeping with your proposed price reduction.

If there is little to no equity, the borrower may not be able to sell the property on the open market because it would require cash at closing. 3.

What about the property makes it hard to comp?

Growing massively! 

You can't even change a lightbulb.You or your family can't use or live in the property. 

I felt the price tag was excessive for the 2 properties I had under property management and the 3 I managed myself.

In fact, now may be the best time of the year to buy properties due to reduced buyer competition and seller motivation (those selling now are probably committed.)

Perfect for rental properties, including Airbnb.

For an owner-occupied property with 5% down, consider a conventional loan with a renovation option like Fannie Mae  or Freddie Mac.

I will be purchasing the properties in cash, likely from mortgage or tax deed/lien auction.