Deal or No Deal?

[Heather Pelletier]

I have found a motivated seller, (he is moving to Florida and really wants to tie things up. Houses have been on MLS for 384 days) They are in a decent neighborhood and 4 out of 5 units have been updated. The 5th unit has been occupied for 6 years, needs updating but tenants seem to be happy with current conditions.

He own's 2 properties next door to eachother. (3 family, 2 family)

Asking price #1 $129,900
annual taxes- $3106
monthly income- $1650
Seller owes full asking price and will do a lease option.

Asking price #2 $124,900
annual taxes-$1665
monthly income-$1150
Seller owns house outright and will do 100% owner financing.

I think (please tell me if I'm wrong) the 1st house is close to the 50% rule, the 2nd does not come close. My question is if the seller is willing to provide financing does the 50% rule still apply? If the 2 properties are sold together the seller is willing to sell at a discount. What do you think...Is there anything worth negotiating here? I do not have APOD yet, I have requested this information from the agent listing the property.

Thanks,
Heather