Present market value is about 25K.

I would ask the seller to present you their previous leases and any kind of documentation they can provide you. 

A potential(ly great) opportunity just presented itself to me through a friend.

I have a few follow-up questions for you guys...1 - Any suggestions on important things to say when I present my offer to the seller?  

I have a lot I was told about after speaking to a man 72 yrs old about bicycles for 40 minutes at the end i said I could present him with a 10,000 cash finders fee for bringing me someone ready to sell.

Different auctions have different rules, but typically, you have to present your cash immediately, or at least within a few hours (maybe 24h, if you are lucky) to complete the deal.  

My mortgage payment was cut in half and I am presently bringing in 500.00 passive income. 

The ultimate goal would be to acquire or flip, but inevitably circumstances will likely end up presenting themselves as opportunities to either wholesale or list properties as an agent. 

You'll be hardpressed to find 1% multi's that are in a presentable part of town.

I will be visiting the property and presenting a contract once I view the property and determine its condition.