There's a reason why you are paying them a higher interest rate than what they can receive at their bank or for CD's or numerous other products. 

The last $100 rent bump is indeed the hardest to get and there are numerous "side effects" of having rent in the top of the submarket.

That is D+ area at best - has been a  war zone in years past!

Furthermore, there are numerous real estate investors who don't end up having much, if any, taxable income after all expenses and depreciation are calculated in a perfectly legal matter. 

However I believe that it was intentionally listed low $59.9K to create a bidding war. 

Don't worry about what the seller think and if your agent won't write the offer for you, have them do a verbal, if they don't feel comfortable find someone else. sometimes the seller want a price the market won't pay, if you are in the hot market and have a lot of foreign investor or people with money to park their money because its safer than stock or other investments and happy with a low return then don't fight with those people. you don't go in to a bidding war with somebody to win a deal because that is not actually not a good deal. hope this help and happy to hear what others think.

It been about two weeks and numerous emails back and forth with no solution. 

Greetings,We have an investor interested in the following property, do you think he should buy:30 units 2/1 with washer dryersAverage rent 1225$Cost is 115k per unit950 sq ftBuyer will be getting 30 year financingClass c/c +Built in 1970West Palm beach low rise apartment not in war zoneWhat is your feeling of rents going up or down in this area?

Each property can have numerous LLC partners.

The HOA has had numerous issues with these tenants and are also pursuing financial relief for other problems caused.