Keep the snowball rolling bigger and bigger!

It been on the market for 151 days , price was lowered twice from 524000He is offering the property at 474000, Taxes- 8000, and Rent roll 5300 fully rented all 2 bedroom buildings.

If the properties themselves are a fit, then I'd say fire the PM, roll up your sleeves and get your hands dirty.  

My net worth has also increased 4x, as I'm not tempted to buy crap I don't need and can focus on things that matter vs rolling payment dates and my 'rewards'. 

Therefore, I’m seeking to find/buy/rehab value add deals 1-4 units so I can create equity (ie capital that I can later use) out of thin air 😉 I want to use some of that created equity down the road and sell some property (5-10 years) and roll that equity into larger deals possibly using a 1031 exchange. just like Monopoly, 4 green houses then 1 giant hotel 😆

Get a good PM that manages other buildings in the area.Beyond the standard T-12, rent roll, copy of leases, I'd want the following info from the owner.

Buy a plane ticket and roll up your sleeves. 

You can roll your repair costs into the mortgage. 

As much as i know about the property looking at rent rolls and P&Ls for the year and past 2 years its made roughly the same.

I'm going to counter but want to make sure my counter isn't so low that he rolls his eyes and walks away because I'm clearly a newb.