You shouldnt offer more than 70% then what you can get the property to apraise for - extra expenses. so for that 725 property that is starting at 315, and the highest apraisal value for this neighborhood with similiar building types are going for 400k.

The history here is that when I bought the 3-family property 2 years ago in Chelsea, MA, the condo association for the property next door forced the previous owner of my property to move her fence about a foot so that they could park an extra car on their end. 

So in a catastrophic loss they are covered for what they put in plus some to help clean up the mess and pay for costs while selling plus a little extra. 

Many of them were still working full time, getting stimulus checks, or making a killing on extra unemployment.Now that the moratorium is over, they've dug themselves in a hole and reach out to government to fix the problem that government created.

It had strong rent income and some extra land.

I was working 60+ hours a week at my W2 and didn't have a whole lot of extra time to spend hustling.

You have to put in a bit more work but on higher-priced sales, it's definitely worth the extra effort.

If I were in your shoes, I would definitely get started with house hacking - buy a house with a low down payment (3-5%), rent out your extra rooms and either lower your cost of living or cash flow $$$, get experience managing your own property, and after a year, rent out your room and repeat the process. 

So the garage can flood from extra high tides.

If I have a good tenant who has done something extra or is having a tough time, I may knock $50 off their rent; but this is not a regular thing.