Hello everyone! I was marketing to listed houses (letter to homeowner) and got a call yesterday from the listing agent. She didn't sound mad on the voicemail she left, so after doing some research on the house, I returned the call this morning. I haven't been in the house, and all the pictures on the listing were exterior, but here is what I believe to be true so far.... 3 bed 2.5 bath 2 car carport 2519 s.f. (2 story) Built in 1964 (owned by original family) 1.43 acres on lake Days On Market: 371 Original List Price: $455,000 Current List Price: $319,900 The listing agent said the owner was open to a lease option, but that the house needed "extensive renovation", so a L/O probably wasn't going to work. ME: Sooooo.....how much are we talking about? HER: Oh...about $100,000 ME: HOLY SHI.....(to myself) Then the house must be vacant... HER: Hey, he's still talking to me after that bomb...(to herself) No, the owner still lives there. Value? hard to say. The area is full of large lots, some on the lake, some not, and each house is very unique. Obviously most of the value here is in the land. For what it's "worth", the tax assessor's office has the market value and assessed value at about 278k. 90k for the house, and 188k for the land. I know from previous posts that houses that need paint/carpet/updates are great for a CA, but what about a house like this? Any ideas on how to structure 1 or more offers? I have my own ideas, but would really appreciate input from others. Thank you!