This isn't for a specific property, but just a general question I have been thinking about.If you have a nice SF residence in a good school district (which would likely be one of the key features of the rental), how much would you drop the rent if it wasn't rented by the start of the school year?  

@Steve Babiak Thanks I had some idea there were panels and drop ceiling stuff we could install but it would likely  destroy the character of the apartment and I doubt the downstairs tenant would want it even if I offered to do it. 

Determine if you have money to spend on a direct marketing campaign or if you're going to go free with driving for dollars, scanning craigslist, dropping your business card everywhere you go, etc.   

You did ask a good question: it is much better to ask in advance than find out bad news AFTER you are the new owner!

@PAUL ARNDT   So my buddy actually is the tenant, he told me about the opportunity but is dropping the ball on getting me any information on the tenant.  

That's very good news to my ears.

What if it drops to a value of 180K  even 150K  even if my buyer gets financing ,,I'm out 50K .I could have got my 200K if i was patient ,found a good agent and listed it for 6 to 8 months.My tenat buyer is making out like a banditHow do I address that kind of that objection from a seller in a logical manner that will keep him talking to me and wont kill the deal.2nd issueIm getting a lot of "pushback" from some sellers who say ,,,,"Yeah you sound like a nice guy but my sister did a lease option 2 years ago and let a tenant buyer in there and they trashed the place and never bought it after all,,,so Im not crazy about lease option,,,,,how do I make lemomnade out of a bucket of lemons like that?

http://finance.yahoo.com/news/high-end-house-flipping-soaring-165519853.htmlAlways happy to read information like this

I am in the four out of four time loan right now, so far they haven't asked for much....I've been waiting for the other shoe to drop: for underwriting to come back and ask for a whole bunch of other stuff like the previous loan providers did.

@Douglas Dowell - That's news to me.