If her lease is close to ending this might be a good bargaining chip during the renewal process.  

I am revisiting my FSBO and we're chipping away... 

Make an offer based on what you actually know about your market and let the chips fall.

I too am stacking chips until the next crash.

I just wanted to chip in and applaud your attitude Kenneth.

On that note, can it be a useful negotiation strategy to execute an option that you KNOW is overpriced, just to get the seller engaged and "agreeable", and then at a later date, chip away from the option price from facts about the property previously known to you or uncovered during the due diligence phase???

(Just warning, paint will most likely have spider cracks and it might lead to more chipping) But the dent part will be fixed.

I tapped on it and all this what looked like tiny wood chips fell out into the tub.

This will give you a lot more feedback from all departments that like to get their fingers into it.If the improvements require a lot of money to resolve, it could be a negotiating chip for getting a better deal from the seller, so don't get discouraged.Read through your title report documents and make sure there's no agreements that could be affected by your plans for the property.

And even if you do it correctly, it's likely to chip or peel.