As a former Law Enforcement Officer im very ambitious and motivated and very excited about this challenge, always wanted to get into real estate investing.

If you're negotiating directly with the seller, and he's motivated, then you might be able to get away with that and give a very small amount for the earnest money.2.

If it wasn't on the MLS and you had a motivated seller, then you could possibly play ball butt I would walk away from this.

Shouldn't a motivated seller at the very least mention his selling price? 

Here are the cold hard facts:- ARV 500,000$- Renovations (I will not know completely until tomorrow but I estimate it at 100,000$)- Apartments are empty- He owes between 60 and 70k on the mortgage- He is extremely motivated- He needs between 50 and 200k from the deal- He is open to the following: sub2 and partnership and, to a much lesser degree a straight out purchase at 250k- I have also communicated to him that I would probably bring a partner into the agreement.Thoughts from the BP community?

I.e Probate num absentee/vacant num, bandit sign num) so far what I see is bandit signs give me more calls less motivated sellers or leads, direct mailing is direct but if your letter dont read right still not a lot of leads.  

I want to live in the home and rent out the remaining rooms and I know I can afford the payments from the general estimate she gave me. 

It's meant to help people looking for motivation/coaching/advice in real estate investing, business, life, and more.)StrongBrook Direct (This is the Direct Sales side of StrongBrook.  

I coach creative financing where a motivated seller of a pretty house will consider terms instead of cash.This includes wraps, sub2, master leases, jv agreements with sellers, lease options, and more.It is all about the negotiation.See http://www.biggerpockets.com/blogs/3/blog_posts/30...

Maintenance is delegated to the tenant/buyer that is legal and that is stated in the lease.Seller remains on the deed -it's still his-her property until the option is exercised.