it would have to be something big and undisclosed, and you typically walk away from that, sometimes the seller will accept (negotiate) but it is a harder approach.  

You would have to talk to someone who's extremely familiar with this approach and find towns with favorable laws before starting.Other than that, I live and invest in New Haven county and host a monthly meet-up in New Haven for investors.I would be happy to talk & help anyway I can, I'm a licensed contractor & realtor, currently helping a couple other investors find properties in New Haven for traditional buy & hold investingBest,Ryan

How should I approach the subject with the one that is moving out?

I would also recommend picking your preferred investment strategy first, then find a market where the data supports that approach.

Our attention to detain and hands on approach to the renovation is what made this deal flourish.

This is vacant and was damaged during a flood with large front and backyards.1) should I approach this as a typical SFH rehab, but multiple the estimate by # additional units?

Is this a short sighted approach to developing a REI portfolio?

. - Without specifically stating it, these gentlemen above are letting you know that the best protection available is a great "risk management" approach to your investment business. 

Yes, a lender would just use the comparable approach to valuation the property no matter how good the income is.

But I've found VRBO to be less authoritarian in their approach and prefer them quite a bit.