You do have some leverage because the tenant fears loosing their voucher if they don't comply with the lease.

The title company we’re using on this deal is fearful of 12 years of back billing once we install a new meter and is therefore requesting the seller to escrow $30,000 to for any potential back billing of water, which makes sense because the title company doesn’t want to eat that cost after closing if that were the case. 

The only way to overcome that fear was to take a shot and dive right in.

My fear given what you described is so far... everything is verbal, you "discussed a number" but once that renovation is complete the expectation changes.

There are a lot of investors who are sitting on the sidelines right now due to fear.

At this point, we were literally scared and feared that if ABC Baltimore refused to buy back the house and then we would have to go through a long and expensive legal process.

Especially now where rates are so low and the fed looks to stop its program of buying mortgage backed securities in March, the fear of rising interest rates has hit us all.

I know a lot about buying multifamily RE, but haven't pushed through my fear quite yet (lost over $400k in the housing downturn).

An addicting mix of adrenaline, dopamine, and fear of the unknown ahead.Anyways, excited to join this community and make my first steps.My name is Cameron, I’m an electrical engineer selling semiconductors. 

I keep hearing the feds cannot raise interest rates for fear of busting the economy but as an architect I can see the current inflation needs to be curtailed.