So he is motivated to clean and make the unit ready to fill it as he wants it filled as much as I do.

The seller bottom line is 400k. 425k.The NOI on this property I calculated it to be about 25k after factoring all expenses (like taxes - 9250, insurance - 2200, water - 2000, a 5 percent vacancy factor and a 6 percent maintenance factor.

Hi there!  I am a new member in the East Valley of Arizona.  I have been listening to podcasts and reading various posts and wanted to start engaging in this online community.  I am a firefighter and a Realtor. I have...

***UPDATE**When the sellers realized we were struggling to work this out, they offered us Seller Finance!

The building is worth really close to that (based on my realtors guess and my own research / knowledge of the area).I was thinking of offering the seller a Lease Option where I lease for ~3 years then purchase.

Seller is pushing to meet at bank and have Deed notarized, transfer funds same day and walking away. 

You could always call your RE agent and ask them to contact the seller and see if they can help.

Would a seller ever offer "seller financing" on a property? 

Because the homes he looks for are those that do need new kitchens and bathrooms (etc), he finds Sellers who'll let them go for a lot less (off ARV) than the cost (to him) of doing those jobs!

In this case, the chicken came first.And you're right about how a good full time agent will eat your lunch, but hopefully within the bounds of ethics and good taste.As a full time (and then some) agent, I'll remind sellers that most part timers tend to treat this profession as a hobby, hoping that while they hold down another full time job, that they'll trip over a couple of deals each year.