Presenting to a property owner in Baltimore city in 21217 zip

[Christopher Haynes]

Hello everyone I just wanted to get some insight on a offer I'm about to pitch a homeowner 2000 blk of Pulaski ST Baltimore me 21217 The owner is interested in selling to me , she currently has a tenant but they are month to month so I'm assuming the house is livable since they have been there for so long but she's ready to get out the home. There is only one vacant house (boarded up) on the block it's a nice block (by west Baltimore standards) the home is owned free and clear the home is assessed with the state at 23k What I'm thinking of offering her is 11k to max 13k with the intent to wholesale the deal if the numbers and the condition of the property is decent Or 17.5 with terms to my llc. 5 years , 60 payments , 5% down and 3 % percent interest paid to the seller The monthly payment to the seller would be 423.73 And I would rent the property out and collecting the spread until the note is paid in full Does this sound like a good deal what would you tweak