Is there a particular rule of thumb in how much to drop a price?

I don't know how large your condo complex is, but for condos of 50 or more units, it would be a challenge to get every owner to get to it, and properly clean the vents if it was discovered  vents were never cleaned and it could be a safety hazard.I also had special assessments for new roofs, other building wide improvements at my rental condos. 

Then my mortgage company had a list of things I had to submit, including inspections they performed, before sending back the money.I would think anyone with flood insurance would have to go through the same process of working with the mortgage holder to get access to the insurance funds.Now if the government steps in and offers money to affected homeowners, no telling what rules will or will not be in place around those funds.

As such, the plans will be largely similar in the ability to invest in anything the IRS rules allow for with checkbook control.The only real difference on the investing side is that IRA plans are subject to UDFI taxation on debt-financed real estate investments and 401k plans are not.  

However if you do not know the rules and exactly the rights you are acquiring you need to learn that.

This is just under 1% rule (guideline).  

I try my best to be fair with the tenants while holding firm to the terms of the lease and other rules provided to the tenant.

Should I just wait until my credit has improved?

Most owners are never doing as good as most think they do by owning one.Maybe if you can find distressed owners, and buy them 40-60% below market value, then improve things for a fast flip, you could have something. 

two questions...1st is I do a general improvement to a building as I read the tax code the improvement should be amortized over 28.5 years .However we did an improvement to just one unit with excepted life of 10 years.