This is so I learn as much as I can with assistance. 

@Gustavo Zamora, you are correct that sometimes the terms of a deal (type of financing, seller assist, inspections, etc) can affect whether a seller accepts your offer or not.

If high appreciation is expected, the selling price will reflect future value.

I don't know how serious I should be about this property, but I would like to see how accurate numbers reflect the outcome of the number.Also, thank you for the timeline of expected wear and tear.

We offer a LOT of assistance here on BP - if you actually take the time to look.But, you're free to share your opinion...

My plan is to offer 370k with 10k seller assist.

The point here is to look into private money as an option, if you need help with that reach out to me and maybe I can assist you.

However, they have received multiple forms of rental assistance from the city/state/feds.

If you can find a 2x1/1 duplex that sold a couple years ago, you can do a general calculation that reflects what percent the market has changed in that time, and then apply it to the outdated comp you found.

I returned his last months rent as relocation assistance (CA law) and the full deposit to help with his rehab costs.