I'm assuming that is a yes.If you do not have much experience placing tenants and no offense but it sounds like you don't, I would hire someone who does.  

But let's just say "offense is the best defense".

They will still want to make sure you and your partner have good global cash flow.

That's our little Detroit, (no offense Detroiters, just trying to draw a distinction between your place and ours!)

I'd do my best to stoke up a bidding war and let him tell me what concessions his side is prepared to make.From what I'm reading it sounds like you were in a routine negotiation and you seem to have taken offense that the other side wanted a better deal.  

I am on the lookout for rental #3.Just a little background on us: I am a California native, graduate of Cal State Fullerton (BS Physics) and the University of Phoenix (MBA Global Management).

No offense but California is unlike anywhere else.

Also how offensive is it to come in with a low ball offer at 125000, after I have contacted agent at 160000 he says 3 or 4 people showing lots of interest but im sure they all say that.

I am going to make some generalizations here, and they are going to be sweeping, don't take offense if you fit into some other category.

In my experience, buying properties in NZ for 'pennies in the dollar' (ie. under 60% of arv) just isn't really an option, although I know of some Auckland apartments which have sold over the last couple of years at a fraction of what they sold for new prior to the global financial meltdown.