If you have reason (comps, numbers, rehab costs) behind your offer, and present it as such, worst they can say is "no thanks".

Cancellations present a totally different set of issues for me.

I would get some recent comps and present them to your tenant along with a fair price based on your agent friend's recommendation. $215k sounds too low.

I reckon using an electronic door lock would help - that way they won't have a copy of the key and you can still do showings without anyone being present.

I.E. did you present the seller with 2 offers, one with no credit and one with a creditAlso, how much cash did you need to bring to the close(including any deposits)?

Just count on deferred maintenance in all potential properties and inspect accordingly.

A decent Agent (and I'm not even talking about a rockstar here) would have talked over with you about how important it is to not only get the inspections done if you want to BUT ALSO how to present the impact of those inspections on the contract, which is essentially what everyone else is saying.That said, I find a lot of the times with that many offers in my area, initially Sellers will take the highest price nearly every time. 

Also, if you are in the hotel or self storage business, look into your options for loan deferment, as it stands the SBA is allowing lenders to defer up to 6 months of payments for eligible businesses.

It also ignores the ability to "swap 'till you drop" and defer those CG taxes indefinitely. 

There are some owner-occupied segments with people who share motivating factors for selling their home.Seniors with Long-time Ownership: often ready to downsize or transition to assistance.Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance.