If you haven't plugged into the Bigger Pockets podcast yet, I can't recommend it highly enough.

Everything has an anticipated life span but not everyone is going to own the property throughout that entire life span.Roof example, you buy a house with 5-10 yr old roof, you realistically want to hold on to it 10-15 yrs max and then 1031 into something bigger...

I'm also a newbie and welcome you to the Bigger Pockets forum! 

If you are going for the bigger multi unit, you have to find "value add" type of projects.

Have websites up, doing direct marketing campaigns  and internet marketing w/ PPC, and spending money on education; real estate agent course, a lot of books (also bigger pockets books). 

There is no loss unless you pull your money out when the value is lower.

I would listen to some of the bigger pockets podcasts and read some of the articles they have. 

@Terry Madden With some of those big ticket items you listed and the fact that you said your price is in line with other stuff in the market I feel like you should be getting a bigger discount.

Hello Bigger Pockets Members, My name is Rob Franklin.

@Brighton MasukaWelcome to Bigger Pockets.