You can try lower offers, with less favorable terms to the seller (inspections, financing) and still get it, since no one else has wanted it yet.

Basing your appeal on your purchase price alone is unlikely to work out in your favor, all else being equal. 

I would love to see a post Covid  market  that slightly favors investors.     

My take away from this is, get more deals, tried to manage expectations also but don’t think that worked in my Favor.

@Anna ChanI would think keeping the residential would have more favorable terms vs the commercial, especially if you bought it as your primary residence.

Why would you seek a commercial loan on a property when you can get more favorable terms for a residential property?

We'll see how things turn out when we get on the other side of this pandemic, but, I definitely will be more in favor of less leverage going forward.

.- While I am open to turnkey, the best case scenario is that I find/buy a run-down fourplex for $700k, put in $150k on a gut rehab using 203k loan, have it appraise for $1mm, then refinance out of the 203k loan to a more favorable interest rate.

Yes, I know corp. taxes are treated more favorably and all that jazz, but interest rates on commercial loans are much, much higher these days. 

@Steven MacdonaldFor a owner occupied Refi with a favorable low interest, you have to have the intention of continuing to use it as such - refinancing knowing that you will use it as a rental COULD constitute mortgage fraud.That beeing said, i would absolutely try to refi now, as long as you dont have anything else lined up.