Second, I found many paint chips inside the building and I believe it is just due to its age, also one broken kitchen cabinet which only needs minor repairing and 2 windows with 5 inches long crack in the basement unit.Other than that, it is a pretty nice legal 2 flats property.However, my agent told me that the VA appraisal is not going to approve the mortgage since they think it is not in move-in ready condition.

Welcome to my weekly article, which I dub 'A Skeptical Dude’s Take on Real Estate,' coming at you live from Nashville, TN. Every week I write a brief, hopefully insightful, dive into real estate and financial markets,...

I have been doing a tiny bit of driving for dollars and as I prep/goal set for 2018, I told myself that I am GOING TO find, and close, my first deal next year.

On that note, can it be a useful negotiation strategy to execute an option that you KNOW is overpriced, just to get the seller engaged and "agreeable", and then at a later date, chip away from the option price from facts about the property previously known to you or uncovered during the due diligence phase???

Blind faith, and keep chipping away. 

I hope this helps a tiny bit.  :-)Good luck! 

Based on your numbers provided, you should sell now at $600k and walk away with a tiny profit or break even.

( If utilities get very high due to studio use I have asked studio apartment to chip in to help w/ front house a couple times)

I am calling tiny brokerages fly-by-night; the new agent is just green.

But that is where I would start.. then from there trying to find a second in this scenario is probably a waste of time and another partner same thing whats in it for them.. so either you guys all chip in with cash or you go hat in hand to senior lender and work a deal.