Seeing 50 approaching and looking behind me for that nest egg chariot that will carry me and the missus into our golden years and all I'm seeing is a skateboard with three wheels.

I'll keep looking in Portland too for my golden nugget.

Coming in with an offer at 80% of asking price is not a low ball offer.

Read TIME magazine Oct 19, 2009 "Why it's time to retire the 401(k)".Consider a Golden Goose that lays eggs forever (real estate), tax-free and/or tax-deferred forever OR a Golden Egg (401k) that is taxed at ordinary tax rates, is subject to volatility, has a "required" mimimum distribution (ask someone in their 70s-80s how that worked out during the lost decade), offers you very little control, limited investment options, etc.

I was informed of this site and it took a good 6 months for me to get the ball rolling on this site and really dig in, and when I did, I about slapped myself for waiting 6 months.. ha!  

So make them an offer unseen that is so low ball that its like they are giving it to you.

The ball is in his court. 

Keep in mind SFHs usually make for poor cash flow properties and home owners do not have a clue about rental properties.Many foolishly believe if the rent covers the mortgage plus a little they are golden.

What are the ball park numbers and discount?

If you have a lender, the golden rule applies... they have the gold they make the rules.