You could offer a little less or even get a seller credit.If I was in your shoes and could do it I would take the next step to make this work.

This is what I would do if I were in your shoes.

The main determination for appreciation and cash flow is going to be.. location. in your case it will likely be something you back into based on how much you're willing to pay.. the Purchase Price of a property.Here is what I would do in your shoes...1.

As far as business/career-oriented books go, Shoe Dog is fantastic.

In your shoes, I would refinance the first loan into a conventional loan as soon as you can.

Once you complete one development successfully then use that to showcase to start building other developments.

If I were in your shoes, I will work for a successful apartment investor as an employee or an intern.

I want no part of the winter as they are expecting up to 30 inches of snow in the next day or soPersonally, I would sell the property and I would most most most definitely sell if I were in your shoes because:-Any profit up tp $250k if single and $500k if married is tax free as you have occupied for at least 2 out of the last 5 years-You have no experience with rentals much less from 2000+ miles away. 

You probably test drive a car before buying one, try on shoes/pants...this is a LOT more expense than all of those items.  

Put yourself in your clients shoes and ask yourself what can you do to make your clients life a little easier.