Hello fellow investors, I'm new to the forums and excited to be here.I bought a rental property via a 203K loan in July of 2013. 

He never mentioned the date being pushed back.

The actual date that my year will lapse is in November. 

They integrate well together, and you'd have the last sale date, owner name and number, and address synced on the dialer screen.

Hi @Adam WorthNote I'm not an expert negotiator but have been doing sales for a while now and since I'm still very young I'm noticing that the results you seek out of life comes down to how well you negotiate lol from buying a car, going on a date to everything (at least my experience lol) But this in one of the reasons I truly love Real Estate there's so much information out there for your disposal that you can justify the offer your going to make regardless the amount.Since he's your neighbor don't feel like you're going to insult him because you just never know what that person is going trough in closed doors a ridiculous offer just might make his day especially if he can't financially keep up with it or it's stressing the person out.Regardless just be prepared with facts baking up the offer your making, you can do this buy talking to a Realtor to get a CMA to see what has sold and get a ARV since his home is similar to yours, since you mentioned he overpaid this tells you that he might be underwater or have no equity this gives you an opportunity to ether lease option or some type of seller financing.

Typically this is when seller offers to pay closing costs on REO properties (HUBZU being the primary source of this annoying process, the extra party can cause excessive lead time when minor issues arise such as closing date shift or last minute credit grant).

The property is being sold somewhat below the average $ in that area (not sure if this is already a red flag), yet the rent disclosed in the posting is actually up to date with area rents.

Bcuz you'll have to give notice with dates when rules will take effect.  

Ex. 10% capex on 1600 = $160    or 10% on 400 = $40The house other then roof needs little work on it. renters have been long term to date 3+ years and would like to buy.Also would the seller normally carry insurance or should / would I?

Just make note of the upgrades/repairs and the date they were done, along with dated signatures from all parties.