I don't have much fear of the actual negotiating but I'm a bit apprehensive about how much to reveal to my seller, as far as the intentions of what I'm doing.

As Jon said, post your budget and repair list .... might also help if you reveal the area where this is at to help gauge ARV but a multi-family at $25k sounds potentially like a great price.

My recent BPO from WaMu was a drive-by, they didn't check the inside of the home.I've been told that the next one will also be a drive-by...they don't reveal when it will be done, and there's no appointment set because the BPO agent doesn't go inside the property.Is this normal?

Research revealed that the prior owner had mortgaged the parcel for $540K.

You must have some cash for emergencies.It never hurts to ask the seller what his motivation to sell is - it can sometimes be very revealing.

As I study the market, I will know the answers to more of these questions.I have been going online reading comments made by former tenants of the building these have been quite revealing.

That would be revealing.

No bank names revealed.

This guy is trying to give away a whole bunch of educational material for "free," but you gotta give your CC because they also enroll you in 1 month subscription to some newsletter, which you have to cancel within 30 days or else pay $40.Here are some of the promises about his educational material:Bonus #5: 'The Secret to Selling Houses in 7 Days' Teleseminar On this BRAND NEW call, I reveal my secret '3 Step' strategy for selling houses in 7 days, in any market.

That same competition is going to say that he has "THE SECRET" to fabulous riches and wealth; and that secret will be revealed if you go to his seminar.