"Let's put in a lower offer and see what he says.

I flip lower priced homes, as well as buy and hold so I'm curious if there are any strong rental neighborhoods you can recommend with homes with ARV's in the ballpark of 60-80K? 

Have your tried getting 20 year fix that may lower the interest rate?

If it's a smaller older home that is going to be a truly entry level home for an FHA buyer and will sell for less, than you can probably do a nice reface and save yourself a few thousand.

More Renters than Homehomwers for me = Bad.That means generally lower class of neighborhood, more competition for tenants. 

.- I recently passed on a house that has a methlab in it that had high levels of some hazardous chemicals that seeped down to the studs.- I have stayed away from homes that have fire damagePlease let me know what issues you see the most profit to be gained from and the ones that you just don't want to handle.

again, just my perspective because I do it for a living, I'm required to maintain a high level of suspicion. based on what he says it sounds like there is certainly a way through this, like you said.

We are eager to get to the next level. 

https://www.har.com/content/newsroom/Houston Real Estate Highlights in May: Single-family home sales rose 1.0 percent year-over-year, with 8,157 units sold, the second largest one-month sales volume of all time;Days on Market (DOM) for single-family homes increased slightly from 51 to 52 days;Total property sales edged up 0.6 percent with 9,721 units sold; Total dollar volume increased 2.0 percent to $2.8 billion;The single-family home median price rose 3.4 percent to $243,000, which represents an all-time high;The single-family home average price increased 1.3 percent to a record high of $305,511;Single-family homes months of inventory was flat at a 4.0-months supply, the highest level since last August and equal to the national inventory level;Townhome/condominium sales fell 6.4 percent, with the average price up 2.5 percent to $213,912 and the median price up 3.0 percent to $170,000;Leases of single-family homes declined 1.8 percent with the average rent up 3.7 percent to $1,845;Volume of townhome/condominium leases dropped 22.6 percent with the average rent up 1.0 percent to $1,580.

Still not a good deal (Cash Flow: -$16/mo, Cash-on-cash return: 0%)What if I lower my down payment?