What to offer!

[Johnathan Osborne]

I currently own my home and would like to sell it.  My wife and I live in a very rural area north of Asheville, NC.  We have 3 kids and trying to keep our house in top shape to sell is difficult to say the least.  We want to buy rental properties for our future and homepath has listed a modular that we are interested in purchasing still under first look. Here is the plan:

Buy the modular and move in it, live there until our current house sells. Once we get rid of our current house, turn the modular into a rental. Now what should I offer. We can afford both mortgages. Tax value which I know does not give the market value is 150K, homepath is asking 103K. The home is 1800 sq feet, constructed in 2007. I have not gotten a official inspection yet, but based on my inspection of the house it needs the following, heat/air unit, appliances, some flooring(laminate is torn). I have been under the house and in the attic, foundation and roofing looks good. So what should I offer. I think total repairs 10K, any suggestions would be helpful. Also the property would should rent for $850mo, $35/mo HOA.

Thanks,

Johnathan