And then each subsequent transaction gets easier with the added knowledge and confidence. 

He's confident we can make 2 good-sized bedrooms up there by removing the chimney and re-arranging some things. 

Our current principal balance on our existing mortgage is $284K on a 30-year, 4.49% fixed-rate and my lender is confident that the house would reappraise (if needed) for at LEAST $410K.The positive cash flow from renting is apparent, but I am not sure if buying another house is the 'right move' , especially since I am boggled by the extremely overpriced homes on the market due to low inventory and high demand.  

If you feel it's a good price you don't have to negotiate - offer what your comfortable with and confident you will have your expected return.

Be nice, honest, open, confident, professional, build rapport.

Hi All,I have been lurking the forums for a while now and I appreciate the wealth of information provided by everyone, however I have not been able to form a plan that I am 100% confident going forward with.I'll give a brief description of my situation:I'm 31 years old living and working in Orange County, New York full time.  

I’m totally open to dropping the price even further, but now my confidence in my comp-assessing ability’s been shaken a little, lol.

@Dave Foster Thanks. 

I'll ask him what comps he saw that gave him that confidence.

Anyways, this inspires confidence that there are things I can do myself.