A decent offer will have enough to pay costs of the seller and pay commissions or it will be an uphill battle depending on the motivation of the sellers.If the property is listed and you are lean on experience consider getting an agent on your side to help.Then, if that is rejected then you can try other approaches, asking if they will do an installment contract or master lease long term with an option. you don't have the due on sale clause issues here, that's a good thing to reach some agreement.

.: It is not worth the 95k they rejected.

Ultimately, once there is an offer and a signed contract, it will be given to the bank, who will do a BPO to determine fair market value; from that, they'll either accept, reject or counter the offer.I've seen situations where a bank has rejected a contract, saying they want tens of thousands of dollars more and I've seen situations where a bank has accepted a contract and has indicated in their approval that they would have accepted a much, much lower price (and yes, I've seen buyers back out when they realize that the bank would have accepted something much lower).So, just offer what you're willing to pay, and see what happens...

After rejecting them based on the money owed, I find out they had stopped paying rent at their current place!

I have the appropriate letter for the first family stating they were rejected based on info from the credit report and telling them they can get a copy to review.I am planning to talk to the other family to see how they react.

Either reject or accept, and upon accept, have a procedure and timeline for which they must sign a lease.

I wanted to share the story of the first offer I ever made (it was rejected) and get everyone's feedback.I came across a 8-unit for sale (2 x 4 plex's) units in Palm Bay, FL on Craigslist and contacted the buyer.

The best part being the "Art of the Deal"  Unless I have information that shows an offer will be totally rejected I say "Make An Offer"   Why would they not try to acquire the property themselves 'So what's wrong with it?'

If he rejects you, let him know that he can call you at any time if he changes his mind.

and that is usually 2500 to 10k per property.. plus you have to have your entity docs in line and you need a real POF.. or lender letter they will reject phony baloney stuff.