They have more skin in the game then you do.Make sure you get clear title.

I have seen/heard of HMLs doing 10% down and 100% rehab, but have not come across one that does not require any skin in the game. 

Do I just play the waiting game at this point?

@Kynell Martin what is you end game with this property? 

She is on her game with investment property.Call John McGovern, he is great for real estate and works hand in hand with Keystone abstract services.

When you are first starting out you will be terrified of getting it wrong ( because you're..er..human) you will be wanting to get the best deal but if that means you're offering too low then you won't get in the game at all.

I’m a beginner in this real estate game!

The occupancy is an issue, but the bigger issues are the condition of the property, the short term renters and lack of any skin in the game from the borrower.Most lenders I know would want to see the 20% come from the borrower, not the seller. 

Casino's have shut the buffets closed most of the shows. cancelled NHL games on and on.. so curious what you would do for a great tenant in a tough spot ? 

And of course, if some homes are reducing prices to try to sell before things get worse, some buyers may just wait on the sidelines and see how low prices can go.Also, I've been a bit skeptical of the "underpricing" model because it requires the buyer to play a bit of a guessing game.