People just curious if your a sucker or not and willing to pay up the ying yang for their house lol.

It also means that the mortgage is still intact and the property is unlikely to have much equity.Remember, banks got TARP money, made profits up the yen-yang (ironically with lots of Chinese money) and these properties are just a pain to remediate on a large scale basis. 

@Leon Yang  This is a home that sits directly across the street from me that has been empty for about three years...owner had a heart attack while mowing the grass and moved into a condo...I think the income on a monthly basis is key...and if I were him, I would want a balloon at some point in the next 10-15yrs...any suggestions?

Thanks @Leon Yang @Dave Visaya @Jesse Waters for the warm welcome and advice.I am still learning how this forum features work. : )  What happen next if I press Connect to Follow or Send Colleague Request? 

Incentives up the ying yang but not for old ideas.

Hey @Ron Yang welcome to BiggerPockets!

@Leon Yang , the sellers are very vague on what they are looking for so I am trying not to offend them with the opening offer but I think they would entertain any starting offer so I might consider that as a starting point.  

@Leon Yang , I've already refi-ed my SF condo, I'm on an 5/1 ARM at 2.75% that goes adjustable (LIBOR + 2.50%) in 2017.  

It depends on your Modified AGI (MAGI).

@Steve Yang @Dotan CooperBe very careful with section 8 in Indianapolis.