He bought the house in 2003 for $240,000 as an investments property and has been renting it out ever since and the current tenants just signed a brand new 1yr lease and said that they don’t plan on leaving for another 3 years (Which I know is questionable).

They increase total interest dramatically, slow down equity growth, and leave borrowers vulnerable during market downturns.

If the place is decent and your a good landlord, and the tenant doesn't have a reason to leave, they'll stay.

MLS deals rarely leave enough room unless they’ve been sitting and you negotiate hard.• Neighborhood selection matters more than most people realize.Based on deals I’ve seen funded in the area, investors tend to gravitate toward:– 34472 (Silver Springs Shores): affordable, strong rental demand, great for value-add– 34476 / 34473: steady tenants, good ARV consistency– 34471: closer to town, higher ARVs, more exit optionsMarion County varies street to street, so rent comps and ARV validation are critical.• Investors who are successfully repeating BRRRRs here are typically all-in around 70%–78% of ARV.Anything above that becomes tough to refi out of with today’s DSCR requirements and cash-out terms.• Financing strategy is everything.This is where I see the biggest difference in investor success:– Bridge → DSCR refi works best when you need rehab flexibility and want to maximize capital pulled out.– DSCR-only works when you get a cleaner deal and want faster stabilization without seasoning requirements.The structure you choose directly impacts how much of your original capital you can recycle.• Having the right investor-focused agent is a must.The investors I finance who scale quickly all have agents who understand ARV, rent comps, value-add pricing, and investor spreads — not someone showing pretty, retail-ready homes.You’re moving in the right direction, and the fact that you’re already thinking about deeper discounts, stronger ARV spreads, and DSCR positioning means you’re setting yourself up for real BRRRR success on the next one.

It sucks to leave a house that you could have picked up, but there are a lot more.

I come in with a low ball offer “as is” for them to take it or leave it.

Had to "leave a little in the deal," as they say, but a lot less than a full down payment.I agree with you (I think - did you use AI to write your post?) 

I had to rely on my new real estate agent to find another contractor, adding unnecessary stress to the process.The deal I was presented with had an ARV of $120,000, but after the rehab, the appraisal came in at only $92,000, leaving me short by $28,000.

And then we have in the leave that we will NOT repair or replace those appliances, but will remove them if tenants wish.

If you’re able to leave a review on their website or Google page, that would be great.