The price will be very low to reflect the condition and the land itself is likely worth more than what I will accept.  

Of course its condition etc. could have "changed" but otherwise, I am definetely going to look more into doing owner financing when I get ready to sell some property off:)

I am learning new areas where I can save costs, one of which is recycling cabinets, if the conditions permit. 2nd hand stores are good for bulk items like tile and paint, etc...

With regard to your case, don't even consider withdrawing the case from State court UNTIL they have actually moved out and left it in a somewhat decent condition (good luck with that one).

In good condition but oldish house.  

Once you and the seller are in the same ballpark, you'll need to dig into his expenses, rent roll, contract services, property condition evaluation, etc.Best of luck and much success!

I put an offer on a property, and the listing agent asked if that was "highest and best" due to receiving multiple offers (keep in mind, this property is a complete hell hole and I doubt they received any other offers).They were asking way over the value of the place based on comps and the condition of the property (owned by a hoarder, needed to be completely gutted, new roof, etc.

I've responded below:The most important details are price (obviously), area, and condition of the property.

Since the property has been abandoned I'm going to swing by tomorrow and see if I can evaluate what condition it is in.

Then, you'll be in a much better negotiating position because you'll be able to show the seller what the building should be worth based on its income in its current condition - that is, the basis of your offer price.The seller needn't be concerned with the ARV, but it will be important to you when seeking partners and investors.David J Dachtera