I really appreciate your two cents, and will keep this in mind as I encounter more veterans in the CS market.

All Landlords are welcome, we share information on rentals, evictions, legislation, property for sale and other issues and problems that we encounter day to day.

The really interesting thing to me is in my experience as a building inspector for two decades and a drywall installer and all around construction type for many years prior to that I never encountered the subject....  

Has anyone encountered this before?

Granted, I only speak from personal experience in purchasing short sale, of all the short sale opportunities I have encountered, I have only captured 2 maybe 3, all of them took an immense amount of time and I thought they would never happen.

BP  has a lot of information on this that I've encountered so do a little searching and you  can find great tips here. 

What we and others have seen happening is the sellers encounter the IRS over one or more issues, often the 8300 reporting rules which they enforce, and they examine for the presence of other compliance issues.

I am nervous that despite a good credit score, a good job that pays 120k a year, and tremendous cash flowing properties, that I will encounter resistance from banks.  

Probably five times a year I encounter someone that read blog posts about the wonders of LLCs, who subsequently shoved all their assets into an LLC, who then (depending on their income and DTI) cannot get a fannie/freddie mortgage for two tax years because they didn't check with their lender first.So they have to purchase using 10% interest from a hard money guy instead of say 4.375% from a conventional lender.

So, if you are investing in the suburbs and in more than one municipality, you should expect to encounter variations.