Off market deal, found thru a local agentWill negotiate to have purchase price reduced by 20% How did you finance this deal?

In the short term, shifting strategy to carve outs can reduce risk here or buying assets with likely quicker exits.

Just be aware of the appraisal and if it does not come back at your offer the seller may not reduce the price and you could lose out on the deal.You're also not required to use that agent unless you have signed a buyer broker exclusive employment agreement.

I am loving the commercial space and the reduced head aches.

I think I may have found a property for the hack about 3 miles from me and the price on Zillow shows the it has been reduced from $199,000 to $90,000 so it appears that they are motivated.

If they say they have to see it then find a different realtor.In my opinion, if you can sell the house and make money, or just break even then worst case it will reduce your expenses each month. 

You are exactly right, they can't take condition into consideration, their info is outdated, they can't pull sold prices in non-disclosure states and they go off of asking prices, not just sold, so when someone reduces their asking price the neighbors house automatically sinks in value. 

The time from June to November, where we could rent our units, had reduced occupancy at a slight discount in price. 

My thought process behind this was to reduce his debt to income ratio so that when we go to buy another primary residence, he can apply for that loan by himself and have a lower debt to income ratio without multiple rental properties on his credit. 

I personally think that anyone who wants to live at the beach who had a crystal ball and knew buying at the beach would have produced the appreciation that our property produced would likely be quite happy for that level of "reduced" return to live the beach life they desire.Good luck