But they're not little, and you won't be in charge of their nail hygiene.

I am one of the ones fighting "tooth and nail" to manage from a distance.

Although I have not nailed down a sales price, I am very confident that, if he can sell the property immediately, he will sell for 550k or less, which would be about $100k under the market value.I have also spoken to an investor who owns other vacation properties in the general area and knows the market.

Honestly I feel I can find value in any "person to person" interaction so I truly appreciate everyone who took the time out of their day to type up a response and give me their perspective but I can truly say you hit the nail on the head and is exactly where my mind is set on. 

The values are usually easier to nail down in subdivisions but some buyers like having land or a good size lot.Here you get that outside of subdivisions or older subdivisions 20 + years in age.

Otherwise, the others have hit the nail on the head.

I am just throwing out what my guys tell me though, I only own the construction company, I cant drive a nail straight!

Get your agent to ask her agent to give comps that support the 275,000 value.You want to see how they are arriving at their price in their head.10k down isn't even 10% of your offer.It wouldn't even cover foreclosure costs most likely if you defaulted.First figure out how much the seller is wanting down.The sellers plans might hinge on having XX numbers of dollars to live off of while traveling and then getting payments.When I look to buy a restaurant sometimes the sellers are retiring and need at least half down to live off of and replace that business income.Ask your agent if it's the amount down,the interest rate,or the purchase price they object too.Could be all but you are trying to nail down what is more important to the seller out of the three.

You've hit the nail right on the end.

There are some older places where the remodel was last done in the 60s or 70s when paneling was considered stylish.Sometimes it will be nailed to firring strips rather than glued on too.Painting it works so long as the seams are not moving when pressure is applied to the wall (lean on the wall).Whether you paint or remove truly depends on the target marketplace and what an occupant's expectations will be.