You'll need to submit a fresh offer.Third, the other offer is verbal which means it is not an actual offer.

I'm just a young buck and fresh into the grind, but would love to have the opportunity to take either of you to coffee or help in the Gillette market.

For me I want to see decent activity in the area (look for dumpsters and some freshly rehabbed houses) so that I'm not the first one in. 

He's uses a formula uncovered 5 years ago while he attended an investor conference focused on identify "positive cash flow" properties.   

I figured :Updating / restraining floors, appliances , fresh paint , installling recessed lighting, and possibly washer dryer hookup in each apartment. 

The only hiccup I've uncovered so far is a reverse mortgage on the property, which is well below the accepted offer.

I’m a freshly turned 17 year old looking to get into real estate during college or now if possible.

I was working a architecture / construction job fresh out of college and trying to figure out how to make some positive cash.Your biggest asset (assuming you don’t have piles of cash in your room) will likely be your construction experience.

You also need to know currency of rents (seller owns any past due, you start fresh).  

The other option is they notify you they intend to move out and you can start fresh with a new renter.Tip: I recommend giving them written notice with a deadline. 15 days should be plenty of time for them to think about it and decide.