If you continue making payments on the 1st, they may do nothing and keep accepting payments.

If he accepts my offer of 150k cash then 6% goes right off immediate leaving him with 141k minus 94k loan to even less.I’ll update after tomorrow.

I’m all for working with someone and meeting them where they to a degree, but something we’ve encountered is just simple lack of communication.

Challenge accepted, with or without Blinks help. 

Pop culture has made it acceptable to vilify property owners/landlords because they are the "nemesis you see" when you cannot pay your rent. 

The coating isn't acceptable for insurance engagement on residential properties.   

The insurance market is very tight right now especially on older buildings.Many carriers who have policies on the books will not accept those same properties as "new business" or if they do the rates are 2x-10x what the current policy premium is. 

Most end up getting burnt to some degree during this process.  

It also will depend on your investor profile, depending on where you get your $ will depend on what they find acceptable.

In my market, agents/investors/wholesalers pitching creative financing get this objection as well.They typically have a 2nd offer (usually much lower purchase price) for the owner to be able to accept now and cash out.