You can use cash as a negotiating factor to get the price down along with coming up on your closing date. 

Don't forget to factor that in. 

I have worked with a few who have had a late payment or two on a student loan or something minor, but knowing they pay their bills on time is a huge factor for me.   

@Kyle DoneyDepends on several factors.  1. 

I'm really looking for something to do the first take on a property so I don't spend time digging into deals that are no good from the beginning due do the neighborhood profile or other factors. 

The biggest factor is time.  

Then you should factor your security deposits and several other unknowns in you purchase price.  

You would obviously have to factor in demo costs of existing structure, any environmental abatement etc, however that would be my first approach on establishing quick value.  

I ask because understanding the tax treatment of your gain will help you devise a strategy to use those funds.

May want to factor in some costs to update the units if needed.