I have made  a verbal offer that he seems open to,  he said he wants me to put it in writing.I have never submitted an offer without an agent and do not know what process to follow to purchase a fsbo.l assume my next move would be to contact a realestate attorney.

I offered to renew the lease, but they would have to pay the rent I would want from any new tenant, increase the security deposit, and submit an application and pass the background check (the previous landlord hadn't done a background check!)

It would be the investor's listing for finding a buyer for after the bank approved the sale but the listing would be submitted with the bank package as if it was the short seller's "a to b" listing looking for a buyer.

This came 5 days (3 business) after submitting it.

I know getting deals at far less then market value is the name of the game, but how do you go so low on an offer without the realtor saying don't bother submitting the offer, your ridiculous....get out of my office!

You may want to check with an attorney on where you are in the eviction process and if you have to submit another notice or start the process over.

I like that you're allowing community members to submit developments.

Is the usual best option to submit a low offer that fits the investment, and just let them sit on it, or to wait and see if they lower the price later?

The competition now seems to be stronger than ever in SD/LA areas and it's much harder close a deal when investors/agents/wholesalers are submitting astronomical offers and then push for reductions.

My agent pushes this agent and tells him that she has no denial letter from any lender saying he cannot get lending and so we will be fighting for the escrow money.That night we do some digging into this buyer and find out several things.1. the proof of funds he submitted is from a company the he does not own, and further more a company he has never even worked for.