Eg, if the tenant can only afford $600 instead of $650, the property is empty for a month if the tenant leaves, then it'll take you 13 months to make up that missing month.In my opinion, empty properties don't make money.FWIW, we have dropped rents for tenants in the past, like the couple who had just had a child and her company fired her when she went into labor three weeks early.

Ok,Im a home health Physical therapist and have the opportunity to cruise through many neighborhoods a day and think i have found a home that may benefit a whole sale specialist.

They know that an investor will not fight them, because we cannot afford the carry cost from the time it would take.

I could not afford more than $50k purchase with $25k rehab. 

It sounds as if you have employed inspectors who have given you a clean bill of health.

Those range from 130-160K and would be pretty affordable, especially if you could buy it as a primary residence, and they would make great short term rentals being right in the heart of downtown.

Here's why.If you were buying a property to live in, you would accept whatever you could afford, and what the property was worth.  

Central location - relatively motivated sellers - mostly fed subsidized (mental health) - is it worth renovating and raising rents      - is it possible - small Apts (mostly 1 br) - option to hold and cash flow then repurpose as city changes zoning / vision How do you finance a large commercial purchase like this - % down / LTV - amortization / ARM - cash flow requirements - inspection requirements - special clauses for maintenance refinance options later Asset or personal info more important Code requirements for commercial loan Deferred maintenance list -What are main issues with 50 year old apartment building ?

I like to transact with someone formal (with plans if possible), knows what they want (Specifications or SKU list a plus), who won't tell us what to do (we know what we are doing), who can afford to pay the level of our service we provide (insurance of all types are expensive, and we also have a family to feed).

Luckily, I work at night to make cash tips as a server, so I can afford most of my monthly bills within one week of work.