Either your thoughts on the market value are off, they are hurting for money (therefore check the quality closely of these units in process), or there's little chance of getting these at $200k lower than market value unless these folks are smoking something.Last thought:  you'll want to talk to an insurance broker who does commercial policies in my opinion. 

( Heard of city policy requiring physical presence during check-in)Any downside to listing on both Vrbo and AirBnb?

What is the mix of owner occupied/rentals, what is the condo's policy?

Similarly, it could just be their policy.

They hvae an umbrella policy division that you can put over all your rentals, I did, I added another $1m.nreig supports LLC/trust 401k, ira held rentals. 

For duplexes I want to buy in the future, I would aim for at least 2,000 sq. ft. per unit, with opportunity to add a bedroom or bathroom to force value appreciation. 

To a large degree, this is up to the bank's policy and risk appetite.

A few things good advisors do to justify the costs:Low cost well diversified investingOngoing tax planning and reviewing tax returns annuallyReviewing your financing options and giving recommendationsReviewing insurance policies periodically to make sure you have adequate coverage at a reasonable costMake sure you have an estate plan and it stays currentHelp you analyze you properties and determine what your rates of return areReview employee benefits and stock options to make sure you're taking advantage of whatever is offeredAnalyzing pension benefit options and Social Security optionsRetirement planning, college planning, charitable planning, etc.If an advisor is only managing investments, 1-1.5% is high.

I got a great policy with her and will be working with her for many years to come.  

The policy is thru Frontline