You hone in on your presentation and you get great knowledge. and some exercise!

Okay this is an odd ball. 

the most important thing for me is to get started and as you can see from my profile & posts, i am constantly behind the 8 ball on saving up enough to make down payment in the NYC area.  

@Shane Woods, it looks like you took the balls-to-the-wall home study approach knocking out the license course in 30 days. 

You might not get any attention with a low ball offer like that.  

If he is only expecting to make his labor wage then keep the profits to keep the ball rolling and include him in future deals. 

All other monthly expenses ~$500 (tenant pays,water, heat, etc, property is tax abated for the next 10 years, with annual taxes  currently projected at ~8k).While nobody has a crystal ball, I suspect it may keep going up by about 5% per year, a pretty popular area in Brooklyn, NY.I lived there myself for the first 3 years and have rented it for the past 18 months, the current tenant moving out, rental demand is very strong, getting someone else should be no problem or can provide vacant if decided to sell.  

I've watched them on the surveillance camera rip down the notices taped to the front door and crumple it in a ball and toss aside, never reading the notice.Speaking of the surveillance cameras (all outside), I've also seen their drunk friends bash and smash 2 of the cameras.I've been pressing for them to get out without an eviction, they just signed a Quit & Vacate agreement for July 31, but by the looks of things, I don't think they're planning on going anywhere and I'll probably have to evict through the court system.But come this January, my rental headaches in Hawaii will hopefully come to an end as I've sold my house, my last Hawaii property, and we're going to close in January.I will never, never, never own a long-term rental property in Hawaii ever again.

This applies in full to the purchase price if/when the option to purchase is exercised.  

Perhaps you could pay the owner some consideration to enter into a contract that they won't exercise their right...check with an attorney.