I'm guessing that the market won't go down that much, but having a large margin for error made me feel comfortable making the offer.

@Jenna Herr I totally remember being in your shoes about 2 years ago, exciting times. 

Initially I just did residential construction but after a few years when the market started to improve and I felt more comfortable running projects and working with architects I started getting into commercial rehabs.  

Offer what you're comfortable with, which should be low due to the economy we're in, and good luck!

It will come down to what your risk tolerance and comfort level is.

I am definitely open to sacrificing some things like comfort and room size.

@Trevor PhillipsWhen the world gets back to being comfortable with face to face meeting they are all over the place.

I want to invest in buy and hold SFH's that range from $100,000 to $150,000 that are within a 20 mile radius of my college.Once you defined what you want to do - educate yourself as much as you can(books, podcasts, blog posts) until you feel comfortable to jump in.Stretching yourself too thin, especially when you start is not a good idea.

I don't think the market is going to reflect a recession for awhile so I wouldn't count on a lower price for that purpose, but you can negotiate a price you feel comfortable with. 5.

I do think it will pick up as we come out of this, but I may be dropping my weekly price dramatically if it doesn’t pick up significantly by mid to late May.Fortunately STR and REI aren’t my main sources of income and I can more than comfortably afford the mortgage.