I plan to go look at it in 2 days (Sunday).thank youbrady

I  don't know how to go about negotiating a fair deal for us both. 

Seller can decide if she or tenant needs to go.

I will need to have a hard money lender in order to purchase my first house but am not sure if the network place on bigger pockets is the way to go.  

This is sort of dead money because I am now paying a pref return on this money even though it's not being put to work on a count of I can only renovate units as they turn over.The other options are to renovate units with the property cash flow which seems like the wrong way to go about it - and that still doesn't alleviate the problem of property renovations eating into CoC returns though it solves the problem of "dead money".The last solution I can think of is to raise the money year by year as you need it which presents other problems.

Also make sure the rents are accurate, I always try to go a little below market rent to be on safe side to make sure I still cash flow in a worst case scenario.

Therefore, it is much wiser to go into the deal with a more conservative estimate to cover CapEx (10%).  

Either way, I would find someone you trust to go check on the place.

Do you have 20% or more ready to go?

He works with over a dozen lenders and is able to go with the ones he knows will be more fitting to your specific situation.