Originally that’s what my friend wants but we negotiated I come in with at least half.

Maybe if you're lucky you were able to negotiate with the other tenants to get those units up to market rent as well, further pushing the value upwards (of which there are a few tricks, although the deal would need to make sense without this factor as it is not guaranteed.

Good cash flow in place and appreciation potential How did you find this deal and how did you negotiate it?

@Nicolas Nuvan honestly communication with them has been very difficult so haven’t really had much of an opportunity to negotiate.

I was able to negotiate closing costs down a little bit but there was a lot I could negotiate since they were already so much less.

The company probably just pre-checks that box as a CYA for their liability, but EVERYTHING is negotiable.  

@Hari NarayananEverything is negotiable.

How did you find this deal and how did you negotiate it?

So basically I’m doing all the analyzing, managing rehab and managing once complete, negotiating etc.

But before you got to that point you would likely settle with the tax sale buyer and negotiate an amount he can pay you for you to provide him with a quit claim to extinguish your interest in the property.