I've had my eye on this property for a long time, but I think it will need about 140k-160k to fix, do other people think my price in the 70's is low balling him?

Once I get the ball rolling, I will keep an open mind on location (within 1 hour drive radius).

We plan on selling next Spring/Summer, then reinvesting the money back into more investment properties and do some house hacking while we get the ball rolling and build up our portfolio.

hey @Michael Hill welcome aboard. i just joined up on BP and have begun looking in the indy market this week as well. here's to us finding some great deals and getting the ball moving forward on growing our wealth!

You just have to polish your crystal ball and make decisions based around what is going on in your target market. 

Part of a larger field of study known as Cluster Analysis, the descriptive names given to neighborhoods included “Furs and Station Wagons”, “Towns and Gowns” (college towns), and “Laptops and Lattes.”

When I hear 'investor friendly', it usually means the client is looking for an agent to submit a large number of contracts at low-ball prices in the hopes that they can wholesale and/or assign them later.

When a low-ball like that is lobbed, sellers may turn combative and not want to deal with your future offers period.

A true wholesaler finds properties off market ,for the most part to flip, and once again a realtor will not get paid.The realtor ends up  making tons of low ball offers running comps galore ,and might finally find you a property only to have the property back on the market. 

I just graduated college and played pro ball for a little while in Germany and Australia.