I just purchased a couple smaller apartment bldgs where the rent is about 100 low per month.

Some people toss out offers to everything then work down, others toss low offers and hope they get accepted.

This was a low purchase value house( 30k), so I am not really freaking out over the 10 years of depreciation being added to or subtracted from my cost basis. ( I took a few years of accounting as part of my education).     

I say buy.. take advantage of thse low rates of an owner occ mortgage.. then your building equity instead of building your landlords equity. .. and since you can get roommates all the better. then if you want to buy again you have a rental in your portfolio already.. 

I can either offer some really easy seller financing terms or a low cash price to get it done.

@Kai Van LeuvenIt’s sounds like you’ve gotten all the low hanging fruit, another couple things that come to mind Is reducing boring expenses that people typically dont shop or spend alot of time addressing;-taxes ( I don’t know how tuned in the city is to your remodel but you want to spend a little effort ensuring you don’t get hit with a property tax increase )- I’m not sure the type of tenants your looking to attract but a playground might go a long ways to adding value-Insurance ( anything you cad do to reduce your insurance?

Its another way to keep your overhead low but also when you get a listing under contract all you have to do is find a buyer and sell the contract off booom collect your deposit and move on.

Are you missing out on opportunities by only working with low quality agents?

There appears to be good job growth and population growth, as well as low unemployment.

The vacancy rate is also extremely low and the rent to purchase price ratio is great.