I've lived in Pittsburgh my whole life and being that I'm in an out of properties every single day, I really know the market.

He would negotiate a below market interest rate with the seller of say 4%.  

On the first occasion, I leveraged it as an opportunity to move the tenants along, complete some rehab, rerent at market...

An investment that is in many companies, reducing the risk of complete wipeout of the investment.Chances are these people you are referring to are invested in a broad market fund, and not in a highly volatile industry specific fund. 

I’m considering presenting multiple offer options to the seller and could use some advice on the best strategy.

Thank you I've worked short, mid and long.........In the Cleveland market, I'd say long term rentals are still the best investment with all things considered.

Are they paying market rate?

How is the STR/MTR market in Indy?

Those present two very different levels of risk.You should also consider how long ago the offense occurred and what the individual has done since then.

Be extremely conservative on ARV in this market Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?