How skilled they are or how much they care about your particular condo units is unknown.I don't know if you have any real options that work in your favor on this particular investment.

Always leverage your abilities and skills.

PS: I mean of course all sellers wanna sell at the highest price possible right.This is where your negotiation skills come into play - this is when it gets fun.

But it depends on your skills and knowledge.

If yours is best then you may see how good my negotiating skills are and that I can be a good source of deals for you."

If it's in place, it may alter your acquisition strategy depending on your skill set.If you're not good at renovation and repairs, you may need to buy different properties.But I'm of the opinion that if you disclose any problems with the property that you're aware of and your seller still goes ahead with the transaction, you should be fine.But always check with your local officials on this.

My son does most of the handyman stuff and I do the people stuff for him for his rentals.I've got a couple of people I call when the repairs are above our skill level.

Rentals normally are going to require at least a down payment and closing costs but not always, and they may need to be fixed up, also.Wholesaling and rehabbing are time and skill intensive, while rentals are by nature passive and can be delegated out very easily.If your credit is in the toilet, building an extensive rental portfolio may be out of the question right now.

The flat roof absolutely requires a skilled installer.

This remaining payment kicks the price into uncomfortable territory for me and since the sellers agents skills of bargaining are nil I though there might be a chance to go directly to GMAC and purchase the loan myself, (after bargaining).