He had the property listed at 80K, which is in the ball park.

Subtract about 20%-25% of that price and you have a ball park.

Many times things change during the course of the tenancy and the people change their mind about exercising the option, or simply unable to do so.

Let her earn her commission and do the heavy lifting, you just be the buyer and have her submit your low ball offer to the bank and negotiate from there.

Put your relinquished property on the market, and then whenever it sells (even if it takes a year to sell), exercise your option to purchase the lease option properties.

(I know you will say that the lender should not lend without security but there is a specific reason for this situation.)The lender in this case is actually a relative of mine so the negotiations are a little delicate where neither party wants to hard-ball the other and yet both parties want to be fair.

Not to mention, most poker players don't exercise, don't eat well, and can spend days at a time sitting in a chair under fluorescent lights.

We are still at zero I would say.2) Will the fact that they already have a higher offer in their system and they know that a buyer was already willing to offer that much, make it a lot harder for them to approve a low ball offer I will make as an investor?

I have a credit card for my flipping company, but it does have a personal guarantee.To establish credit for the business I have other trade lines in the name of the company - utilities, cell phones, insurance, charge accounts with suppliers (plumbing supply houses, Grainger, etc.).Putting utilities in the name of your business is the easiest and quickest way to get the credit ball rolling.

How does this sound: If lessee/buyer/tenant exercises option, make the sale contingent on bank approval of short sale.