Hi, I am currently in the middle of a dilemma with a motivated seller who is eager to sign the contract.

Most small investors are best to stick with high motivation lists (D4$, tax delinquent, etc) since you cover little ground, you need a high responsiveness rate with small amount of phone calls. 

hey Marcus,What is your motivation for selling?

BP is having some sort of issue. 

A lot has changed over the past few weeks and I am continually becoming more determined and motivated to start investing in rental properties.  

Another option is to invest somewhere that family or friends live and pay them to be a sort of “project manager” while the property gets rent ready.

I can see them wanting to include some sort of housing costs. 

Some investors will pay $475,000, in auction the wholesalers will try to snatch it for $430,000 (There are all sort of reasons why this happens, maybe it was the last item at the auction and people used cash and bought other items, maybe somebody was a second too late and the auctioneer didnt get their bid - in NY the auction goes SUPER fast) so they buy it for $430,000 and give a check or cash for $43,000 (now they have contract) they reach out to everybody and offer the property for $450,000 so to the investor paying $475,000 $450,000 is a great deal. 

Also, Sort out your numbers its possible the PM is pricing fairly. 

I would prefer if they have some sort of Historic Tax Credit knowledge.