Please leave your CPA and/or Attorney info below.

I don’t know about the specific property you are talking about, but my guess would be someone is using a HUD financing product that comes with a restriction that they have to rent to people below a certain standard compared to the median in their market.

Below 600 req twice the security deposit. 

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The owner has rejected several offers that have come in below asking price and is dead set on his price.

I'm new to real estate investing, but I've been taught to hire out anything that is 'below my pay grade.' 

The basic information is below and comes from owner-supplied rent roll and 2017 figures:Listed Price: $339,000Gross Rent: $47,520 ($495/month per unit)Taxes: $1,506Trash: $666Utilities: $6,406Cable: $1,982Maintenance/Repair: $4,673Insurance was not listed in the numbers given, so I estimated insurance to be around $1,617 based on 0.003% of property value plus $75 per door.

In your case the purchase price would be lower, so they would loan on that amount.  

Forgot to ask another question;Would looking for a wholesaler maybe be my best bet for trying to find something below market value?

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