Wholesaling rental property

[Malcolm Brown]

I have seller who is interested in selling his property. The property has an ARV of 65k and is bringing in roughly a thousand a month. How can I determine my max allowed price without insulting the seller? He is asking 55k, but he is opened as well since he needs the money. I was thinking 25k but want to know if that's a good number to tell him without hurting him or myself.