@Courtney Johnson That will depend on you, your risk tolerance, available capital , partners, available time, upside of the deal, future goals etc, market You have to weight the specific situation.

I understand that my question is loaded but any advice would be helpful!

Sending a written offer, or a letter of intent, has more weight, but if you are just testing the waters a verbal "hey, I'm still out here" is probably fine. 

This is a duplex, student housing property with it's own management company on-site which I think is great, takes the load off me.

Going from weights to calisthenics was a great change for me.

Can I have two 150A circuit panels on one 200A meter base if the calculated load is well under 200A?

You will need to suffer the financial pain for now and at some time in the future off load the property with the hope of breaking even.  

@Abigail Montmigny, any investor will tell you that a good PM is worth their weight in gold, so there may be opportunity.

I called the clerk of courts when we started and they explained the coding system and how cases get loaded so that I could make my own list.

just need a boat load of capital