The ball is in your court on this one, your suffering is somewhat self inflicted.

Some out of town investors say they want something and then come in and decide to low ball or they do not want it anymore etc.

But by the time we got there it was just a skeleton with some dog fur covering it.

It's a small world out there and my name will get around as a "low ball" investor.What do you all advise?

The BI/PM decision making doesn't take that much sophistication, just a simple data base, some ball-park historical operational data, and determination on the part of your operational staff.

If it's been listed a while and hasn't sold, you might try a real low ball offer first.

One thing that helped me get the ball rolling was to set clear, specific, measurable goals.

let me know if I screwed up anywhere or you wanna chat more on this.But my personal view: I'd pass or low-ball them something around the $150k mark.

I can't use the income approach, its a small town with maybe 3 restaurants or so, comps are nonexistent (I think) and its been vacant for a few years now.According to the assessor the land and building value is $50,500 (I'm using that as a ball park number) although the current owner did pay 300,000 for it previously.

I'd stay away from short sales, as banks are getting hip to investor low-ball offers and BPOs are trending up quickly these days.