My usual game plan is to offer 5% below the low market comparable.  

He wants to be done with this without putting more money into it (although bring some cash like $10K to table is ok because that's what he would have done if listed deal went through). 

Many times I use the commission when figuring out my numbers.Until an offer is signed by all parties, it is fair game and not unlikely for a seller to accept a better offer before another offer is signed.

I'm still trying to fully map out my game plan for achieving this.

Bigger Pockets has been a tremendous asset to me and I am sure you will find it helpful as well.This will help you find other members in your area: http://www.biggerpockets.com/meetYou should have set up keyword alerts when you signed up but here is the link if you want to modify them: http://www.biggerpockets.com/alertsA must read if you are new to the game: http://www.biggerpockets.com/real-estate-investingThe podcast.

I've done this from both sides of the table.

I almost came to LR for the game, glad I didn't. 

You just might have the passion it takes to be successful in the game of monopoly.

If you're bringing multiple doors to the table I can guarantee that someone will negotiate a lower rate. 

I had the opportunity to meet some at the last REIA meetup, that appear to be potential candidates for such a deal.Obviously, cash would not be something I could bring to the table.