Purchasing from landlord

[Charlie True]

Good morning,

I approached my landlord of 2.5 years about purchasing the property my wife and I currently live in. We have been looking for a duplex for a while but thought we would at least ask our landlord. Luckily, our landlord said she would consider selling and asked us to make an offer. We're making a verbal offer tomorrow in person, our realtor gave us a CMA that put the property between 250k-275k. It's in a great location and the tenant upstairs is an older lady that hasn't bothered us very much (not sure how she is in the landlord's eyes).

Question is, any advice going into this meeting?  We don't want to insult the landlord or scare her away; my wife and I are very serious and excited to get into real estate investing and don't want to let this opportunity slip away.

Realtor said we could request she put our rental income towards the principal.

Thoughts?

Thank you!

[Kristi K.]

Quote from @Charlie True:

We were thinking of offering 260K and ask her to consider the 30K we've paid over the past few years towards the principal. Is that a good spot to start?

This is just my perspective as an owner of rental properties. I would NOT take into consideration any rent that you have paid in the past. That rent was paid for a service.  Let's say you lease a car for 3 years, would you expect the car company to give your credit for those 3 years of lease payments when you decide to buy it at the end? Nope, doesn't work that way. Your offer of $260K on a house valued at $250K to $275K is a fair offer though.