Keep on it, find a regular inside person who will stick to your offer and do a weekly check-in on the price.  

I tried to stick to the 70/30 but budget got out of hand. 

For this OP, I suggest you stick to a note and deed of trust with seller financing, not a CFD.

One retired or unemployed board member on a power trip will have more time to put to this than you do - and they can make what would normally be a good investment turn into a complete failure.Sure, sticking it to them would certainly feel good.

I've never been a landlord though I plan to be sometime soon, I will make it very clear from day 1 that I will be sticking to the terms in the lease and I will drop the hammer immediately.  

It's my first time @BiggerPockets--Awesome People & Great Info....Hope to stick around for a long time-Looking to connect with leads Nation Wide.

Also, what budget are you trying to stick to?

I also plan to stick with the 1% rule and projecting a cash flow of $450-500 per unit.Thanks.

It sounds like they are trying to get the upside of owning a rental property(60% of rent) while sticking the buyer with the downsides - vacancies, property taxes and insurance.How does their cash price compare to the market? 

If you stick with real estate through high school and college, you can can say you've been in and around the business for 10+ years by the time you are 30.