Well that's not being fair to the seller. 

I like them my tolerance for risk is fairly high. 

Google "Memphis Delta fair brawl" and watch the video.

I'm fair and honest.  

If its a fair offer and you can make a nice little profit, don't be greedy and hold out for that full price offer.

I've seen writing contests for properties but never a raffle which would (in NYS) be considered gambling (games of chance) and also involving US Postal service which gosh they have rules about all sorts of stuff you can/can't do via mail. 

The unit is 1200 sq feet, 3/3 in a four plex.I have great tenants now for a year lease at $2950, but am concerned the fair market value is closer to 3500.

@Jimmy Chin, your numbers seem fairly well worked out.

It's FREE and a lot of people, including tenants searching for a home, come through this site to find what they're looking forScreen and select qualified tenantHost an open house personallyHave application forms ready with requirements, what's going to happen in the screening process, and the qualities you expect from your tenantsAvoid fair housing problemsLease-Up the tenantSet and collect the rentImplement day-to-day operationsHave a handyman you can trust and who will get the job done in a timely mannerGet things done in order to keep your business running smoothly (rent, taxes, mortgage, maintenance, etc.)Know how to renew leases AND how to deliver termination letters and deal with evictionIf they're a good tenant and you're a great landlord, your tenants will have no problem renewing a new lease period with youIf they're not a good tenant and start missing payments and etc use your current relationship with them to reason out a solution.

I know these are estimated (for the benefit of the seller) numbers but overall I think it looks fairly solid, WC Equity seems to have some solid reviews both on BP and outside.