I actually had to get enough units where I could offer tenants multiple housing options when I purchased properties rented at way under market rates and then (an embarassing number of times) personally watch tenants that would "suffer" from a rent increase turn down smaller (but nicer places) or  nicer places in a less prestigious zip code (sometimes only minutes away) before I realized that I was hampering my ability to earn a living in order to subsidize the lifestyle choices made by a some random stranger that happened to live in a property I bought.

Please offer your insights asap if possible.

There are several turnkey companies in Memphis that offer everything in house from purchase all the way to property mgmt.

I joined the BP community to network with people who I can learn from and also to learn how to analyze deals to give me the confidence to put an offer on something that makes sense for me.

I'm asking the question because I submitted an offer and the listing agent laughed at it and said I will not present any offer that is under $X.

Mark,Jordan is correct in his analysis but the problem lies in managing not to get thrown out of the seller's living room when you offer him $97,200 for his park. 

You could offer them cash for keys!

These cards often have lower credit limits and may offer rewards or benefits tailored to first-time users.

My big question is when quoting a renovation, since I don't have the experience what is the best way to come up with the right ARV so I can make the right offer.

The payments typically are 1-3 years (but there's no real standard) and don't have additional interest added.Asking price: $280 Million (different currency than USD)Last year's asking price $250 Million (we assume the price increase is because of inflation)The owner doesn't seem in a hurry to sell and when we asked if he'd negotiate last year at $250 million he said no.I'd like to offer the following 3 options to see if any of these work for him:Option 1: 250 Million upfront Option 2:140 Million upfront130 Million in 6 months.