Hello BP! I am a new investor in York, PA. My current financial situation only allows me to deal with lower income properties. I want to know what you other investors are doing to “tenant proof” your units. I am cur...

If you don't tell him all the reasons you got a screaming deal, then he must assume it was an arms length open market transaction, which in turn will mean the other home appraises low, which may mean it sells for less, which in turn means one of YOUR comps sold for less, which could impact market value of your home should you go to sell or refinance it.I would be selective about what I would share, and I wouldn't lie, but I'd only share information that will, or could, lead to my property selling or appraising for more. 

@Brook Rieman,He's a sex offender-- they are out there, it sounds like a low income area, so that's where they normally go.   

I received my license back in 2005 when Real Estate agents would refuse to submit the “low ball” offers Mike and I wanted to make.

@Nick Diecidue Your budget is way, way too low. 

I have purchased a couple of properties and am running low on cash.

On to plan "B".As a thought, if your stoop is the size and location you want, but just in bad shape, perhaps having a contractor skim coat it is a low cost solution.

My mentality has always been, rent low enough where you don’t lose too much but have the tenants long term. 2) how do I approach offering a price increase?

I too thought about whether he's hiding something but I spoke to the current property manager and he says it's always been a MF property so the chance of underground tanks or soil contamination is quite low, isn't it? 

I do use debt, but with relatively low leverage.