absolutely @Treivor Cashion. just hit me up when you find that opportunity! 

People that believe increasing their cash down increases cash flow or makes a deal better have absolutely no idea of the value of cash and should be avoided at all cost.In the truest scenes of income property investing a property that does not have positive cash flow with a hypothetical 100% leverage will never have true positive cash flow.The reason for this, and the reality that many investors "choose" to ignore, is that every property actually has two income streams.

Absolutely get a manager.

To get started, established, and grow in this business you need money (your cash) or access to it (people or institutions that will loan you money) there is absolutely no way around it.

Yes you absolutely can reject on a feeling.

I absolutely love getting into a place that is decrepit and forgot about, then orchestrating the transformation.  

My wife and I were absolutely determined to buy an owner-occupied 2-4 multifamily so we can save money and work towards financial freedom.

The appraisal came in at $330,000 - I was astonished.I rebutted the appraisal with solid comps supporting $372,000 and saved the deal by getting the appraisal increased by $15,000 to $345,000.BTW - if you want to absolutely demolish your own reputation, then tell our military veterans that they can not use VA financing to buy your property.  

And this is absolutely what I'll do if I end up in competition, but I sort of feel that even at $149,500 that's not a bad deal so would they really go a lot lower?

We are on a Christmas tree farm, so that's nice, but we're in a location that is literally not on the way to anywhere (since the Gulf of Mexico is about 50 miles to our south and I-10 is about 25 miles north) and has absolutely NO tourist draw (just a rural area that's coastal plain with a lot of oil fields and cattle).