1 seller, 1 MLS property, and 2 off market deals.

[Darrell James]

I'm pretty new to real estate investing but I have been reading books and have attended a few seminar and classes. I'm looking to whole sale some deals but I came across a decent rental property deal. I'm looking for advice on what way I should try to plan this deal. Below is a description of my current deal that I'm working on:

I was contacted by a seller who saw my ad on Craigslist. He first told me that he had a 3 bed 2 bath rental property that also had a mobile home on the same lot. Both units are occupied. The house is rented for $775 and the mobile home is rented for $325, both month to month leases. The seller also mentioned that the mobile home is nearly HUD certified. The only downside is that he has it listed with an agent and only for 27 days. The house is listed on Zillow for $60k but he offered it to me for $50k over the phone.

The seller also has 2 off market properties right by my work. One is a 3 bed 2 bath ranch house that is occupied. And the other is a 4 bed 2 bath that is not occupied. He bought it last year and never finished rehabbing it. He is ready to retire and he also is getting divorced so he definitely seems motivated. I tried to set an appointment for tomorrow after work but he wasn't sure if he'd be available so I told him that I would call him around noon. We didn't discuss any pricing on the off market properties yet.

I'm looking for any and all advice. I live in the east suburbs of Pittsburgh which is where the referenced properties are also located.