This statement is noticeably void of financial justification.Those things said... if you think he'll take $100K less, then make the offer... what do you have to lose?

If I lose it, there are other deals.  

Would have sold all RE in '07 and shorted financial equities for a few years, then bought everything in in sight in 2011!

But if it loses money with both units rented, then you don't touch it. 

What do they care if I buy poorly and lose my shirt down the road.Again, just following what the market and others are doing sounds like gambling , not investing.

So far I have only sold 2 units due to the Condo Asssociation losing its FHA financing.  

A one-off is ok) - your S-Corp automatically converts to C-Corp, and you're taxed at the corporate level at the corporate rates (you then lose the capital gains rates, personal brackets, etc).

In some dryers, only the heater runs on 240 V, and everything else runs on 120 V; if you lose one leg of the 240 V, everything else but the heat will work. 

You should practice your negotiating on a park like this, not much to lose. 

That has caused more of that last 1/3 to go to third parties.I read somewhere that on a typical foreclosure that the banks lose 30%-40% of what is owed to them.