If the numbers work, do you negotiate?

[Bryan H.]

So I'm getting ready to make an offer on a REO. Listed at $65k. It needs about $10k in repairs, ARV is $100k. I am looking at a rehab/mortgage combo at around 5% and 20% down.

Will rent for $1000-$1100

P&I - $321
Taxes - $132
Ins - $50
PM Fees - $85
20% Reserves - $200

Cash flow = $212
Annual = $2547
$15k down
CCR = 16.98%

My goal is >$200/month & >15% ROI

It's been on the market for 2 weeks. Do you risk making lower offer and having someone else show up with offers? Or since the numbers work, just offer full asking price and get it done?

Like everyone else, I always want a deal. Never give them full ask, gotta negotiate. But should I ?