Insurance looks double or more of what it should be and utilities of 525 a month seems odd as well.

Scenario: $1,000,000 List priceBuyer #1:offers $960,000 submitted with a qualification letter for the same $960,000 with $5,000 scribbled in the deposit line of offerBuyer #2:offers $955,000 submitted with a qualification letter for $1,213,700 (odd number is for a reason) with a $40,000 Good Faith check or Escrow Letter Most sellers and listing realtors would go with Offer #2, where the buyer is negotiating from a Position of Strength, backed up with a substantial Deposit showing they are a serious and capable buyer.

As odd as this may seem, I almost found things easier in a softer market a few years back.

He literally hasn't given me one piece of information on income/expenses for the entirety of 2017 (other than verbally I would call chasing and he'd occasionally tell me the odd person moved out or in). 

@Mark Dante Maybe it's your locale, but I find this odd that they've essentially blindsided you with an RFP.

Odd considering his house is in Pre-Foreclosure. 

This question has puzzled me for some time; oddly, I cannot find an answer. 

I think if you sell at a loss on a place that isn’t really hurting your bottom line, odds are strong that you will regret it once you see values and rents continue to shoot up.Good luck with it!

I'll see if their reputation precedes them here locally.Your odds of recourse on this situation are unfortunately very slim.

I know, it's an odd problem to have...Thanks everyone who's chimed in so far!