I was scared of actually getting the deal done as much as I was to losing the deal.

With hopes to build two additional cabins in the future.

Let's assume that the neighborhood is a C class and the median income of the city is greater than 3X of the market rent.Here are some of the considerations I've come up with so far:- Units are in need of renovation and capex is too high or not available- Unit quality is not the same as market - Seller is worried about losing tenants due to increase- Vacancy rates are high or filling units have been difficult- Rent increase would take multiple increases over multiple lease periods to get to market rate if seller is trying to retain the same tenant- Seller inherited property and just want to liquidate- Seller needs to liquidate quickly (financial burden, sickness, quick exit from land-lording)It seems like I might be missing a warning sign about a deal if they are selling with current rents that are under market; but again, this seems to be most of the properties I've underwritten.And in the same vein, what should I be worried about when purchasing a deal with under market rent with the intention of raising them after purchase. 

@Laura GenoneLol, Hopefully you get points for effort!

They just hope and pray that somehow they'll find something you'll just accept. 

I hope I added a little more clarity, I know that even in this post I am going back and forth.Thank you.

Why would I be cash flow negative and losing money for years and years?"

I am waiting for the PIC team to respond and I am hoping its a miscommunication.

We need to close in 1 week and worst case I may need to buy all cash and refi to a different lender losing my property inspection fee the lender charged.Is this a townhouse or condo?

Thanks Jerryll and I hope you can give me the answer I’m looking for!