I initially offered $200K in cash, but the seller countered at $240K.

As you know in many real estate deals, the money is made at the buy.Personally, I'm focused on off-market deals where we can create value.Curious—how did you frame your offer to get them to drop without hesitation?

. - Many of the Renter's Insurance policies do offer limited damage protection to owner, so it may be a good business decision for an owner to pay while tenant being evicted.Property managers CANNOT get liability insurance on a property they have no ownership interest in.

Based on the below information, what would you be offering for these?

When making offers I want to utilize the standard 70%-ARV-Profit formula.

Plus, these properties are usually sold as-is, so an inspection wont change much.What experienced Flippers Do InsteadBring a Contractor Instead A 15-minute walkthrough with a good contractor will tell you what you need to know.Know Your Numbers Upfront  If you price in a repair buffer, minor surprises wont kill your deal.Use the Inspection Period (If Allowed)  Some wholesalers offer a short due diligence window use it wisely.When an Inspection Makes SenseIf you’re new and not confident in spotting costly repairs.If its a high-end deal or potential structural issue.If your lender or partner requires it.If you do need an inspection, find an inspector who moves fast and work directly with the wholesaler to coordinate access.

What can happen is PMC 2 charge you 4%, but when an offer comes in they may have to negotiate with you to include the other agent's commission in the sales price, which may cost you depending on what the property appraises for.

I would also ask them about cash for keys since I would initially offer the tenant this. 

@dhiren, if you were just starting out (I have an offer on my first investment) how would you suggest first setting up your business to minimize fees down the road?

For example, the insurance company offers you $100k.