Often a high cash flowing portfolio doesn't appreciate well (cheap properties in low appreciation areas).

For most seasoned investors settlement issues are not something that would scare them away.

But I'm also wondering if it makes it easier for the seller to say no to our offer, especially since we are making low offers.

High quality tenants vs low quality tenants and how much you value your time or how much you dislike dealing with the tenants are big factors in when you decide to hire a property manager.

If they have not done many the odds of success are low as they will likely make critical mistakes during the process.

Does anyone local have a rough price per sqft to assume for average construction with low end finishes?

With interest rates at record lows, they may want to hold on to a higher rate note, but you won't know until you ask.

There are a lot of people jammed into this house and that basically keeps my rent very low.

They want a high cap rate when the local to out of state buyers with an exchange with tax consequences are willing to buy lower on the cap rate.If they want value add they are also up against developers and other seasoned investors in the states with a long track record already and relationships with these sellers.

Comparable properties range between $260K - $280K.Why I want to buy:Save on rent as the mortgage will be cheaperFix the house and flip it while living in, holding it for 1-2 years for appreciationI would like to offer a low price on the property (reduce 25K+ off retail) since I plan to buy it as is, and upgrade everything in it since everything is from original 1990's construction.