Travelling down New Zealand is always a great pleasure, looking at the scenery and in general just taking in the beauty the nature offers!

Also, do I have to sign the offer contract?

My logic is to offer them more of a return that they are getting with thier money in a savings account for the year.   

Always remember to do a math analysis on a prospective property and try to look at it before you make an offer or at least have a clause in the sales contract that will allow you some time (about 15 days) to make a detailed inspection on the subject property without a penalty that will hurt y'all.I am 59 years old and I found BP about a year ago and I have not decided what to do.  

Doug,Your post wasn't real specific, so I'm not sure if what we have to offer, is a fit for you.

If you get a favorable response you could offer to write a new lease showing the longer move out date to the bank.

Besides, know all the numbers of such property, these are (see the Capital Letters to familiarize with RE acronyms)our Debt-Coverage-Ratio, the Annual-Debt-Constant and the Loan-to-Value to come up with the Net-Operating-Income. these numbers will let you know how to make an offer and how to approach a lender and it is imperative you have them correctly.You know why you want to be in Real Estate Investing right?

If the lender approves the requested loan, then do I go make an offer?

Offer them cash (maybe $200?)

There is a 3.5% down option, but it's tough to get offers accepted using that in the Bay Area for multi-unit properties.