Lender accepting loan offer rather than cash

[Jacob Beemer]

Good evening everyone, I am in the process of finding my first house, which I intend to flip and sell. I've been searching for about 2 months. There was one house that I really wanted but someone came in and offered cash before I put my offer in. I am qualified for a conventional loan and a FHA 203k loan. I found another house over the weekend for 34.5k. Very nice neighborhood in Cincinnati. The listing agent said they aren't accepting offers until this Friday and it's cash only. Well like a lot of newcomers I don't have that under my bed. I'm going to still throw in a offer with the 203k as my loan with the thinking that if my offer is higher than everyone else's the seller might take mine. Has this happened to anyone else? Is there any other options I could try? Thanks!