Try to and you'll get blasted out of the water.When a lease attempts to address every little issue, you'll likely be found as being unreasonable and allowing the tenant the right of quiet enjoyment, you shoot yourself in the foot again.If you rely on a college student base, you'll get a reputation and the kids (if not the college) will black ball you, you'll get a bad reputation for being whatever.

It sounds like the buyers realtors dropping the ball.

Play hard ball and tel him you’ll get other bids on the project then and chose between quotes that way. 3.

There are a multitude of problems that you will encounter that render the whole exercise far more trouble than it is worth. 

Low Ball deals are hard to get (not impossible), but you will wear thin your relationship with your realtor if they are writing lots of contracts and nobody accepts because they feel the price is to low.

Maybe get an option on a piece of land and work with a developer who will exercise your option and share in parking profits.Best of luck!

The letter would say that if they are interested they have x days to respond and we will then view the apartments that accepted before making our choice.Our market is distressed and allows on occasion for low ball cash offers.Am I right approaching it in this way?

If you don't you basically follow the bouncing ball for appreciation...then follow another when you look at population growth...then another...and so on...That's how I started out...

Or if I am able to play the long ball game would the history of rising property value be more beneficial in the next 10 years. 

Should I hold out until I find one or would it make more sense with the way the market is to go ahead and do one or two 15-20% down conventional loans to get the ball rolling?