If you haven't explored their courses, you should.

I think the building is worth about $500k, and they are asking $800k.....yet I know someone is likely to offer them at least $700k.

Use the tabs at the top of your page to explore the site for content.

Great overview of the various routes you can explore in this business.

Obviously if the listing agent was able to see the bids, this would put them at a great advantage.

My best tip might be to explore more about being a hands on landlord (if you are interested).

It doesn't matter if you are young or old, totally new or need to build upon your experience.Yes, you have just announced a commitment to the thousands in this community about your seriousness regarding REI and have taken this bold step to affirm it.Your time on this site and with the BiggerPockets community will be well spent and can be financially rewarding if you so desire.You are here at the Forum, but, should raise your mouse to the top and explore the otherheadings displayed.Don't get overwhelmed by the massive amount of data archived on this site.Simply, bone up on the areas that you need to expand knowledge in such as, Forums,Marketplace, Learn, Network, Analyze, Resources.Feast on the Podcasts, #askbp Podcasts, blogs, webinars and the myriad of bookrecommendations.Also, you can review the quick links below to help solidify your grip on this site. http://www.biggerpockets.com/starthere http://www.biggerpockets.com/ubg http://www.biggerpockets.com/meet Setting up Keyword Alerts How to Use @Mentions on BiggerPockets 25 Tips for Real Estate SuccessAfter becoming more knowledgeable and confident because of my above suggestions, take action to snag your first real estate investment deal if new or add to your existing holdings if you have prior experience.Don't get caught up in analysis paralysis.You must immerse yourself in the RE marketplace locally in your neighborhood or afar if the situation warrants it.Take calculated risks if needed and you shall be rewarded!"

If the seller stated that income is his main motivation, I would explore that route.

I am exploring the site and already picking up useful info.I am currently using a realtor to sceen and rent the properties.  

I can see at least 3 options that are worth exploring for you in this instance.1.