So if based on the conversation, we believe the house can sell for $150,000 and I want about $20,000 on the deal, what is the most they should owe on the mortgage before we move to the next step? 

Through conversation with the seller we found out that the property was being rented out but not enough to cover all of the debt.

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I would think with a decent credit history, your track record as a landlord and a few conversations with a local lender you would not have any problem getting financing on the property that is free and clear.Hope this helps!

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Do you believe that we should do a minimum number of written offers each week even if there is no indication from having a phone conversation with the agent that the written offer will be accepted and, also taking into account that I would have to go and visit these five properties in order to have credibility with the agent who is selling the property so that he/she will present my written offer in a serious manner. 

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