If everything else fails, you can mail them a burner phone with your number..As far as funding family money will probably be your first choice for both the purchase and the rehab.

Pros of Investing nowDallas is very strong marketIf number makes sense, you can not go wrong in DFW market.As investment is value add, there is opportunity of changing your investment to 7-8 CapYou have backup plan of holding for long time in case of market go south.If you are lucky...

If you pull it and go back up, you may be back here in a week asking if you should drop the price.Also, as noted, what do you think might be "too low" in real dollars?

Just really getting my brokerage back up & running. 

*t hits the fan" back up plan.

In Boston if you blinked you missed the downturn and prices were already leveling or starting to point back up quickly. 

Build reserves and funds back up, then purchase 2 properties per year from that point on. 

If I have some real expensce numbers to back up my estimates, great.   

Hilda, one approach that will help take the emotions out of the wayby not having to directly talk to the seller, find a good buyer's broker :)And in the meantime build a 720-800 FICO and get pre-qualified soyou're ready in case they don't want to do owner financing.IOW ALWAYS HAVE A BACK-UP PLAN in BUSINESS which is not personal...

Honestly i have no clue which angle he was ultimately trying to go at, but it sounded like he works with a lot of investors who own real estate that produce more deductions than they have in income to claim on taxes, the point he kept repeating was that you can calculate how much income on a property could maximize the usage of all your deductions, then either pay down to this point and maintain it, or refinance the property in a shorter mortgage to gain income and bring the level back up to this level every so many year or after paying it off.