If the net present value of an investment makes since to you but the cap rate is different than what you would expect, don't immediately push it aside.

So I feel it's definitely a limiting factor to a sale.I feel like I'd be narrowing down my possibilities of a successful transaction telling the seller I'll cover it and expect a unrepresented buyer working on their credit to bring a huge EMD, Purchase Option, and/or pay elevated rent. 

The first tip would be to expect to go about 6 months without getting paid!

During this time the property can be broken into and turned into a squatters paradise if it was vacant before the sale or in a seedy neighborhood.

If it's a complaint about being dirty, broken mailbox, or other non-essential stuff, acknowledge it but don't jump immediately to fix it.Follow your local rental laws and don't let bad tenants bully you.

Keep your end of the bargain and always let them know clearly that you expect them to do the same. 

I feel the answers to these questions will provide solid ground for any newbie who is thinking "what should my next steps be".1) How much should a new flipper expect to come out of pocket for when doing first couple of flips?

What I personally found to be really ugly by the way was the 20,000 gallons of crude that leaked from a broken pipe in a local canyon in SoCal - one of countless such leaks across the country.

So he didn't freak out like I/we expected!

In todays market, and in the particular niche that we focus on which is class B stabilized multifamily with value add fundamentals, an enticing deal for investors is one where they can expect to nearly double their investment in 5 years and get cash flow  (8-10% yearly avg) from day one.