If so, YOY Q1 median condo prices are down -3%, days on market are up, and 2 bed inventory is up.

Look at housing in major metros like Hong Kong where young people are living in what is essentially a studio or 1-bed condo and paying $500,000 for them.

Just curious on how many units/bed/bathrooms the property had?

I found a distressed property with the following information:AVR $400 KLines $40 KMortgage balance is $285 KRepair estimates $50 KAsking price $340 K2360 SF6 beds 3 bathOkay neighborhoodOwner motivated, filed for BK recently and heading for foreclosureI want to know what is the best way to approach this?

So, 3 bed, 2 bath, 2...what?

Beds, finish level, location, .. that rent frequently.  

The property is a 3 bed room 1 bath duplex in Milwaukee.

It had 12 studio units renting for 439 each, 49 1 beds renting for 539 each and 8 2bed units for 639 each.

I just found a property on MLS that is on sale in LA (near Korea town, Silver Lake, and Wilshire) and it's been around 270 days on the market and the price is $800,000 (3 bed 1.5 bath 1600 sqft).My question: is it possible to negotiate with the owner of this property directly even after the property is on the market?  

Maybe update the colors of window trim, gutters, door and add landscaping maybe some terraced beds or decking down towards garage.