Then of course, there's the issue of the value the bank will accept. 

After a couple of weeks of negotiation and getting her to accept the poor condition of the home we settled on a price of $39500 cash to her.  

If he's motivated, he may be willing to accept less.If I lease option it from him, I can't sell with seller financing which is my preferred out in this case because I'll be able to get more up front.

I was a little concerned if they'll accept the offer cause I really liked the property.

Do you focus exclusively on wholesaling?

On the bright side, they still get the job done at an acceptable level (for me at least). 

Well, I guess this becomes a spam if unsolicited; had he sent you a coleague request and you accepted before he sent the invite, I suppose it would have been different.The moderators may be in a better position to confirm this....

They know the number of landlords in those areas willing to accept Sec 8 is limited.  

The IRS already offers capital gain exclusion of up to $500K for married filing jointly.

So I put a outrages offer of 10K not really thinking I would get the house, two days later the bank accepted the offer and I got stuck with the home. lol  The roof, porch, siding, and interior had to get gutted, at this point still getting worked on..