Offer accepted on my first deal (triplex) and inspection pending (WA State).During my initial walk-through, I met a couple who seemed to be more than knowledgeable about the property, possessed keys to storage areas (possibly other units too), had special parking spaces, and stated that they take care of the things around the place including the large yard in exchange for lower rent.

Granted, those are lower income or Section 8 units so they are a bit higher.Have you visited the property to see the block?

I have up to $250000 for a property but would like to find something lower than that for my initial investment property. 

The more passive it is, the lower the the return will be.

You ask for 50/50 and see if they give it but I wouldn't go any lower 30/70 to start. 

In 2009: The recession hit us hard in 2008 and I found that my old home which I had lived in Chandler was now quoting for about 12-14% lower than what I had bought it for.

So, financing would have to be a commercial loan at higher interest rates and higher down payment expectations.Most investors will want to at least leave open the options of using lower down payment scenarios with FHA and Fannie Mae and Va loans where applicable.

@Christoper PhillipsAm hoping the scraps or lower priced properties will trickle down to us in a few months.

Look at the home page and there is a link to RI Statewide toward the lower right corner of the page.

In my opinion the cap rate speaks for itself - lower cap rate stable income less headaches, and vice a versa.