Property in Maple Hts. Ohio

[Robin Prettyman]

Hi Everyone! So I'm currently looking at purchasing a property in Maple Hts. Ohio. The current owner bought it for $25,000 and now wants $75,000 for it. Here's the deal... We're doing owner financing. The house is in good shape. There is not much work that needs to be done, just a little dry wall, paint and a backed up sink in the basement. The basement is dry tho. No water damage. No leaky roof, however the market value is going down. Nothing has sold for $75000 in that area. And I want to be fair to him and myself as well. The property is tenant occupied as well. The tenant is currently paying $890 for rent. What do you guys think my offer should be? I don't want to insult him, but I want to walk into the deal making income. What price should I offer him? What down payment should I offer? And what monthly payment should I offer? I want the terms to be fair for me and him. I'd appreciate you guys advice! Thanks!