You could do 200 or even 210K.  210K gives them a good target for their counter offer. 

They took over 2 weeks to respond to me....counter offer full list price and no inspection.What would you do in this situation?

My guess is that this "opportunity" has been presented to you by a Wholesaler who is disguising the little detail of already having it under contract for probably no more than $30k, so that when you put in a counter-offer of say $40-45k, they would "reluctantly" accept.I suggest you do more homework on this.

Spell it out nicely in a counter offer letter, explaining why.  

Most of the time you will get a counter offer and when you actually go to the property, and there is more fix up then you had in your budget, you can then just walk away if both parties cannot agree on a deal.

Offered 90K, counter offered by the seller at 93K, we countered at 92K and they accepted.  

The counter offer is $5,000Note 2:  Montgomery, Al:  Est.

So I counter-offered at $171K with the escape clause of $500 over the 2nd guys max new offer. 

So I counter-offered at $171K with the escape clause of $500 over the 2nd guys max new offer.

Some like auction.com set reserve prices.if your agent is submitting offer to bank then you would get a counter offer