My son and I (partners) made a verbal low ball offer significantly below the $60k asking price with $10k cash earnest money.

These tenants want to play hard ball like this, I'd hold that over their heads.Move out or you'll never see a penny.Then evict them and sue for damages as if they never paid a deposit.

I respect Dave Ramsey's "Snow Ball" plan, but I don't want it to take 10 years before I can be independent.BP Community what do you think?

Selling costs are a whole different ball game because you have brokers fees and transfer tax (over $1,000,000 purchase price you'll also have a "mansion tax" payable by the buyer, but not under that threshold).

A 30 yr lease with 2 yrs left is worth way less than 2 yrs+a 10 yr option exercised.

Omg, is that you v-ball @Chuong Pham?  

If he did not exercise reasonable care to protect his client's financial interests by having a strong password or protecting the computer that he used to process your information and do his business then that is his fault.

Then, you've got all the BS of trying to reinvent the wheel to get something built out of them, then you've got an odd ball, quirky structure, that might have some odd appeal to a very small crowd.

The analysis assumes paying full price and no repairs needed...big assumption...and price is probably flexible.The property doesn't look to need much exterior work (All sides brick)but the current owner does their own management and I'm sure is low-balling the annual expenses.

I want the ball to start rolling so once I buy the complex, maybe I can invest in a duplex or a triplex, etc.