I agree with the aforementioned ideas.   

Though I agree with never trying to time a bubble or try to predict it and keeping your money on the sidelines is not the best move.

Jay, the seller is obligated to provide a TDS within the time agreed to in the agreement. 

@Melonie Dickson- Since this is your first home I would definitely NOT waive the inspection contingency and agree with others here regarding your real estate agent.

I want to know how I should submit my offer and if I should use a hand written offer or do I need to send them a form saying my offer. what happens if they agree to the offer ?

I was under the assumption that I will find deals with them once they are ready (obviously, that isn't moving fast enough), but I agree with you that I should just find the deals myself and draw out a plan and show them how their money would sit here in the US. 

I agree with the people before me.

She has agreed not to break the lease and have subletters, can we legally evict?

I am currently weighing the potential decisions on how to move forward against each other: 1)Accept the $50 less than posted and place a tenant that met all screening criteria.2)put the home back on the market for the listing price and risk vacancy.3) propose that we agree on a rent in between, which would be $25 less than the original listing price. 

I agree with Brian's points.