It's a great opportunity for new investors to get into the market since sellers are nervous about the economy and would be willing to accept low ball offers.

I saw the potential and brought up the poor work needing to be done (mainly electrical) and the estimates I received for the work along with a low ball offer out there of $115,000 lower than asking price and they accepted.

you can go to escrow company and get a "net sheet" on the buying side: most accurate of if you want to ball park it: 500k or under (around $7k ) $500k or over: around 8k to 10k (up to 1 million) or 1.5% of purchase price 

Thanks for being on the ball to close this thing efficiently. 

I ran my numbers around 6,5,8, and 10 so it’s nice knowing I’m around the same ball park as someone who’s experienced in this area!

@Tommy Ciccarone If only we had a crystal ball...

Just looking for suggestions to get the ball back rolling. ( Here's a little background) Over year quit my W-2 to full-time invest.

Depending on the seller, I wouldn’t low ball if you really like the property/area and potential.

You used the term "Renew" but are you referring to a predetermined option period or has the Tenant already exercised all options and a completely new lease would need to be negotiated?

In any dislocation those who understand the landscape, are able to exercise patience, have cash available, are confident enough to take contrary action and are able to quantify the risks will profit enormously.