. :)Please refer to the related thread here: https://www.biggerpockets.com/...Feel free to contact me with any questions. 

You could structure the deal with seller financing to bridge the gap.Possible offer structure:-Purchase Price: $170K - closer to actual value-Down Payment: Low or zero down to conserve cash-Interest Rate: 3%-5% - or better yet, 0% if the seller will agree-Monthly Payments: Interest-only or deferred until the sale-Balloon Payment: Full payoff in two years when you sellIf he wants $200K, you can still make an offer of:-$170K purchase price + $30K as a second lien due at closing-Seller carries $170K at a low interest rateHe would feel closer to his number, but you still keep within reasonable investment limits.2.

We'd spend about 2 weeks delivering all the bundles and I was the "free" labor until I finally negotiated 10 cents a bundle from my old man.  

Feel free to reach out!

I'm not far from you in Virginia Beach , Virginia  feel free to reach out ! 

Quote from @Steven Cornell: Quote from @Vince Scipione: I hate directly plugging my own market on here because it feels grimey, however I feel like with what you described, this may be an obtainable market for you.

Hard to tell without seeing it.It seems to have an "OR" statement. exclusive OR non-exclusiveSelect whichever you feel most comfortable with.

If there aren't any massive physical problems with the property, it appears you can grow income and equity.You might be able to buy this with little cash out of pocket if the seller owns it free and clear and was willing to finance nearly all of it.  

If they gift it to you it's tax-free (as long as they're under the lifetime gift limit around 14 million) they may have to file a gift return though, but there won't be tax due. 

@Justin Fantazier2.9% is basically free money due to inflation.