would you act on this opportunity?

[Theodore Cousins Jr]

A friend of mine told me tonight his current landlord has offered him the property my friend is currently renting and another property right next to it which is also currently rented. One of the properties is a 1 Br/1Ba that needs some improvement, there may be a moisture problem, it has a noticeable bug problem, last year there was a plumbing problem, yea...it needs some work.

I am not sure about the classifications nor the current living environment of the other property, but my guess is it's 50/50 on similarity.The owner is offering my friend both properties for $150k with $5k down. Properties in the area have sold for an average of $140k and the owner is retiring, So this is my question, would it be unrealistic to offer the owner $93-101k with 0 down payment, he participates in the financing as well as cost for renovations?

Or since he might have some other properties available see if he would be willing to toss in another property for the original $150k, $5k down?

Or am I just being greedy?

Thanks,

T.J.