You will be spending $70k to save $350 a month.OR$70k as a down payment on another property that will bring you $450+ in cashflow, would be a better use of the cash on hand in my opinion.Hope this perspective helps!

Fact is it is in her realtors hands and all you can do is make your offer and hope for the best.

cash on hand for startup?

The answer:  Stay in the game.If you continue to hold a property that is taking your cash (negative cash flow), you will be out of the game just as fast as if you were to keep putting chips in the pot of a really bad hand.You haven't lost any money when you lose hands in poker, just like you haven't lost any money when you have negative cash flow...as long as you still have money left, and you get out of those bad "deals". 

However only a handful are following up after they are rejected the first time, and an even smaller amount are following up after they have been rejected a few times after that.

I have a small network of cash or approved financing in hand who are mainly looking for sfh's or mfh's. 

If you can help me out I’d be happy to mail you a gift card or help you some other way if I can, in appreciation of your time.Over the past 8 or 9 years I’ve acquired a handful of rentals in Seattle suburbs and south of Seattle but I’m currently setting up my first rental inside Seattle limits, the remodel will be done in a week or two.  

It's always best to let business go first when it is just handing out materials.

You just aren’t as hands on. 

On the one hand, we feel we were very fortunate to find this opportunity.