I'd rather low-ball my income, high-ball the expenses, and make sure it still works.

Besides, can you tell me with your crystal ball and/or Ouija Board what the future will bring?

I'm ball parking for about 10k on low end - Hoping I can help, or do some of the work along the way.

Most of the time they approve the contract we have on the property, but I'm guessing you had a low ball offer? 

When we first went into the unit, we found multiple bowling ball size holes in the walls, including seven in the kid's room with lots of blood splattered throughout. 

The best advice I have is try to get a number from the landlord, and get the negotiation ball rolling.

I guess my biggest concern is that I build and then 10 Multifamily properties come on the market that I could snap up if I had not shot a cannon ball at one project.  

Again, only my opinion, though first deal is about getting a base hit and getting the ball rolling.

And once it does, keep the ball rolling, don't stop.

There are lots of different hiccups/curve balls that could come up (i.e. borrower tries to cram down the mortgage, or strip liens from the property, or bankruptcy Trustee tries to liquidate the property, etc).