Also, I would low ball him, but offer him some extra money down to make him feel better about it.

I think sometimes the price reductions can get people's attention but you're also signaling something to the market that encourages low balls or more of the vulture profile (all of us here when we're looking for a deal).Anyways, good luck.

yup as logging goes this is a very small  "logging Show" best bet is a  " Gypo "or he is being low balled by the locals.. you think wholesalers low ball LOL.  

I have no crystal ball but I know how to look at numbers and buy good deals.

I pretty much just threw in some cash behind the scene to help get the ball rolling. 

I had to creative finance the place, bring in a family friend to fund the deal and get the ball rolling.

If rents go flat but property taxes, insurance, maintenance, utility costs, etc. keep going up then you have reduced yield.NNN is a different ball game than the other 2 investments.

I understand the situation you were referring to i.e. the seller not knowing what the house is worth, however, I would think that the majority of folks selling to flippers and wholesalers KNOW their house is worth more, but just don't want to go through the hassle of listing it, having strangers going inside for showings, performing repairs, buyers DEMANDING that ludicrous/fictitious items be repaired, getting hit with reductions because of the inspection report, getting low ball appraisal so now you have to reduce the price, fake buyers, fake financing approval, having to pay thousands in closing costs because buyers are cash strapped, etc.

Therefore, I bet he respects your situation and would be more likely to play ball with you than some other low baller looking to get rich off his property.

He's debt free and now is having a ball learning about real estate, buying his own practice, and enjoying having people beg him to borrow money rather than the opposite.