If it's value, you can lower your price (I don't do that though - I just accept value is lower, as I'm in a very high-price area.)

IF your planning to later refinance do you put up 100% of purchase price in HELOC or a lower percentage?

We are currently coming into the peak rental time and a 3 month lease will have it ending when everything starts to slow down, which could cost you down time or lower rent to get it occupied. 

The idea is to focus on cash flowing multi family building in high density medium-lower income areas.

Where I give him the down payment for instance on a 2,3, or 4 plex and he gets the loan in his name (lower down payment Better terms) and moves in and then overseas the rentals and doing upgrades and repairs.

They have lower closing costs, but will likely be at a higher rate.

Can you make lower offers if you don’t think it’s worth the asking price?

@Joseph Weisenbloom... you had mentioned that fully rehabbed properties are going for $200K to $325K... that's a really wide range.If it is on the lower end of that and you'd need to pay real estate commissions when selling that's a much harder decision than toward the top end of that range.For example, if your costs of sale are 7% (which I don't know if that is normal in your market or not) and a sale price of $200K that's $14K in cost of sale plus whatever you need to put into the property to sell it.

so we finally get possession of our duplex we won at auction. legally, the company we went through to get deed said, we cannot talk to anyone or enter the property until the 30 day eviction is up. so this Saturday is the day the we willl go over and get a locksmith to enter.my wife found out from neighbor there is a 20 year long tenant upstairs but the owner lived in lower unit.

The lower unit  looks like the bedroom was an  addition and the building for does not have a backdoor.