I always hear "know your market" or "learn your market" I do take a look at sales comps near the property but what other steps or things do I need know or do?

In looking up the tax records it appears to have been bought on a short sale back in 2013 for $85,000 and the owner took out a mortgage of $63,000.  

(this property was listed for sale from August 13, 2014 - June 30, 2016 and never went under contract).

However I know I can push UP the sale price and cut the repairs to just what is needed.

It's an extremely powerful platform, so I look forward making many connections.

So what kind of terms would I want to offer them (the purchase price would be around $105k) and what would I be looking at getting after the sale (how much of a discount will I sell it at)?

I can't find the thread as i don't know how but I was happy to spend 5 minutes explain what I got from the thread and what I know about that particular asset class.For long term TK you need to be 60 to 150k minimum and rents at 750 and above to make them viable.Its the power of BP pod casts were they ( the owners ) don't really vette these folks in any way.. just because they make a pod cast has no bearing on how accurate the info is or viable the investment is.Many that do pod cast are great for sure.. but there is an irrational exuberance  thinking a BP pod cast puts you in an Elite level.

The contract was a bit concerning because it gave all the power to the GP but that seemed understandable.Anyway, fast forward 3 years and the project has not gone as expected.

The electrician is tired of hearing from me about getting the power back on.

I will have a decent amount of proceeds from this sale and I would like to invest into a multifamily deal.