I also don’t want to low ball to where he doesn’t even want to entertain.

@Austen Mueller I currently have vinyl siding that is warped and has a few small golf ball sized holes.

A lot of us have experiences with Title Companies that dropped the ball once or twice. 

@Brenden Mitchum Thanks for the info.. we are getting our finances in order over the next month so I think that will really start the ball rolling.

Is there a ball park you use, or specific percentages?

Is there a ball park you use, or specific percentages?

Any other advice is appreciated to get the ball rolling for me.

If the amortization period of the loan would be 30 years then 7% would look fine and dandy to me, but I would push that balloon date out past a year . . . it's amazing how long things can take in the financing process can take and I'd hate for you to be staring down the barrel of a balloon payment just because a lender dropped the ball or the Mortgage Investing community changed their underwriting guidelines in the midst of your refinance.

I think as long as you know your criteria, know how to recognize value, and maintain strict and conservative underwriting, then you can play ball in any market. 

You never know on properties that have been sitting they may accept a low ball offer!