There are concerns about longer lasting impacts that hamper the recovery (affected sectors, lack of confidence, and increase in household savings during the lockdowns).

If you spend time going through the previous owners belongings, be confident that you will find item(s) and/or something that will pay for that time spent plus some.

Makes a big difference in investors confidence in you to perform as well.

Know that you can do it and are confident.    

So I am pretty confident I can get him down to at least $360k. 

If you are going to do this, just make sure it's a really good deal and you are confident the property is in good shape.

Can an investor feel confident and comfortable in their investment with you? 

That way you can get a quick profit to give you confidence for the next deal.

Not sure if it matters, but since some people factor taxes into the equation, my wife and I are reasonably confident in our job security, and are in the 32% tax bracket this year. 

You have to decided if it’s worth it to you to deal with getting the tenants out.Or maybe, if you’re confident in your ability/intention to buy, offer him equal to 6 months of rent as a non refundable deposit.