I dont think its a quantity metric, but much more a quality metric.

I don't think there is a right or wrong here.  

I think it is a typical Midwest market with a mixture of A through D neighborhoods scattered about.

If he bought this property ages ago for $33k and it is only worth $50k now, I just don't think that the juice is going to be worth the squeeze.

Same basic structure they asking price is a suggestion, I offer what I think is a workable number for me and we negotiate to the "middle";  though the middle is not halfway, we never "split the difference". 

I don't think the HOA can restrict what a tenant does within their own unit (the lease can), they can prevent activities in common areas.

Your father-in-law will want to minimize his tax liability on the capital gain and think about how the sale fits into his estate planning strategy.

She promised she would have her Supervisor call me (she was so rude you think she had gotten ripped off not me).

We are thinking she could get around $175k - $198k. 

@Amir Portal  I think you should stay open to all areas.