Buy and Hold Deal Review Oklahoma

[JJ Gritts]

I've found a house listed on the MLS since 12/12 for 14k. It says it is currently rented for $500 per month. It is a 3/1 @ 1056 sq ft and rent estimates say it should be closer to $650-$700. I'm seriously considering putting in a cash offer given the stated retal status. I was thinking of offering 8.5k given the length of time it has been listed.....hey they may take it. The listing states I can't get in the house since it is occupied so I'm thinking the offer should include something about the rental records, but I'm not sure what to ask for. Advice and thoughts on the overall deal would be greatly appreciated