In reality, no one helps you with lead generation, so you are better served with a brokerage with low overhead. 

I work as a field property claims adjuster and I have experience in estimating restoration damages on jobs of low to moderate complexity as well as extremely complex claims up to 100k+. 

I would assume they've been hit with low balls quite a bit over the 4 years. 

well first off this being a landlord site.. and a positive cash flow site generally speaking.. most will tell you are nuts to buy this.however if you can get the property to just about break even maybe lose 100 a month or so and you have a prime Socal asset that someone else is paying off your mortgage and you think rents can go up a little.and you can EAISLY self manage based on quality of the unit .. incredible tight rental market.. that mitigates a lot of land lord issues.I mean whats the alternative you go 1000 miles away to make 100 or 200 a month.. is that positive cash flow going to change your life..is 100 a month negative going to change your life.now this is an extreme.. but i owned a home in Palo Alto that i chose to sell back in 91 because it would have been 300 a month negative.. well that negative within 36 months would have been positive.. and i sold for 500k and today that home is worth 3 million.... and once it got positive it probably would have been positive up to 2 to 3k a month coming into the 2010's.... and someone else would have paid for my home.. plus grade A tenants at all times.. being prime Palo Alto.so thats one extreme.. its really only in low to no appreciating markets with tougher tenant bases that turn a bunch that positive cash flow becomes more acute or for those that want to one day live on their cash flow and be in the business of landlording.. thereby acquiring 50 to 100 doors. 

I am going to go in with a low cash offer initially since its been on the market for 4 years and is in a decent area. 

Its too low to be able to underwrite for a standard property.

Convinced the seller to do a contract for deed with a low down payment and a year and a half later I refinanced so that my name is on the property.

Hey @Alexander Spira , I would take a look at your analysis, the expenses seem low with roughly 20% ($10k) expenses on $48k of gross income.

The potential rent on th eproperty is too low to generate positive cash flow.

Also is it true that I can make up the low yield by growing the rental units thru refinancing as total income or asset value increases?