How does that effect me and the seller?

I went through this recently and was able to request the seller serve 30 day exit notice to the M2M tenant as part of the purchase contract.Your mileage may vary city to city and state to state?

So my math in calculating the actual cash flow of the property can be very different than that of the seller. 

But the sellers have already accepted my non binding initial offer of $350k and I'm wondering if I should risk lowering my offer?

It seems to be high for a 2 bedroom on a spotty area but  if UoM is driving the demand , it is understandable ..

Before I put non refundable earnest money to whole seller, I got a rough estimate from GC for $50k, which also matched with whole seller estimate.

Let me first provide a little context on where we are at with the deal and the overall condition of the property.My intention: Primary residence- 2 yrs, then rentalLocation: Denver, CO (Very high growth neighborhood, this deal was almost all dumb luck...)Condition: House is B Class, recently remodeled, 3br, 2ba, huge yard, carport, shed, new roof, everything about this house is above and beyond what I consider move in ready.Asking price:  $399,000Days on Market: 27My Offer: $375,00 (Accepted)Contingencies: Inspection, Appraisal and Seller allowed to live in the property for 9 months after closing while new build is being completed.The seller is in a position where they need capital to finance and complete the build that has already broken ground on their new home. 

Psychiatrists are in high demand right now and I don't think that's going to change anytime soon.Good luck!

One of the biggest problems I see for beginners on this site is they read about some story about a guy buying some property in the middle of nowhere for 70% of what it was worth and think they'll be able to go into a super hot seller's market like those found in California or Arizona and get the same deal.

The sellers market doesnt help, but there are always deals to be found...