I have basically disrupted the comps in the local area by purchasing multi-families for such a deep discount but I fear that it could come back to haunt me if the appraiser cant find proper comps in the area. 

@Nick SabatMy own home has many such features as I have tinkered and experimented over the years.When it comes to retrofitting acquired properties to add to our rental portfolio, there are lots of thing you can incorporate relatively inexpensively depending on how deep you are going for your renovation.We have a home-grown building monitoring system which is evolving all the time.  

You can also perform  a 1031 exchange on the other half when you sell and make that gain tax deferred.You're jumping in the deep end but asking the right questions.  

I think the crux of the matter, however, is the fact that if I'm break-even on paper before vacancy and repairs (and management fee, which I'd seek to avoid at least in large part), I might be deep in the red every year (but probably not more than principal accretion).  

The roots can be deceivingly deep. 

It seems like it would be easy for a tenant to dig themselves into too deep a hole.  

My acquisitions only happen at the deep end of that discounted space. 

Yeah, it isn't easy to find the deep discounts.

With that being said, take a deep breath, carry on, just learn as much as you can about the process, and put together a great team of professionals that will look out for you 😊  👌

It needs a complete renovation.I would like to get the property at a deep discount and help the seller as well, but I don't see how I could get it as a discount and get him his 15k.