Be straight with them.

It seems pretty straight forward.

I put down 7% as a starting point on the straight money option and she said they liked the looks of 7%.

Do you recomm end that I remodel the shower (at the very least) or just give discounts to vacationers and communicate as to why, so I can at least realize profit right away?

Can you tell me a little more about it and what it offers for a person that does not have access to the MLS.Yes, I can and will go check it out, but getting information straight from the source is also very cool. :)Thanks...

First you should realize the national average discount for a short-sale is 18%+/- of the appraised value.  

If someone approaches you without an agent you can discount based on this fact.

Out to the periphery East Bay in Richmond, West Oakland, East Oakland, on some good streets, w/ some hands-on management, bought at significant discounts, and improved to a highly performing property.

He has offered to sell it to me at about an 18% discount from the already discounted price.

Once you have that then you factor in a vacancy rate (most use 8%-10%) to discount your gross rent.