We plan on listing it for sale in January 2017 again but he keeps stating his desire to purchase.

He will have to go out again at a cost to you.

People tend to go with names they recognize.

You are not alone, although that does not help, be grateful you do not have to go into bankruptcy as many investors do.

"Less desirable" properties are many times entered incorrectly by agents, and human error can work in your favor =)

Im only 21 and this is my very first investment deal and I'm not sure how to go about some things.

I'm rehabbing one of my units and trying to decide whether to go with hardwood or carpeting for living room floor.

Were in the process of obtaining a couple consultants or 'mentors' and we are currently looking to go to a REI club meeting.  

This is what I sent them:Offer is for a purchase price of $128,000APR RATE at 4% on 30 year fixedTotal cost of mortgage to us $219,993 Monthly schedule payments of $611Since they bought it for $36,000 back in the 70s, I figure there was a chance they probably refi or something, which I got a reply from them that yes they do have a mortgage on it and that yes they are interested in learning more about the possibility of selling it as Owner financing.So from what I picked up of all the threads is that LO or Sub2 is the way to go, I welcome you to take this post and chop it up.

Best way to find out the answer is from the current source itself (As long as they don't lead you astray) If you're just starting out, a 2/3/4 unit owner occupied is the best way to go.