Primary issue I see is being priced too high for the current market by a few hundred dollars. 

Crime and drugs still an issue, but getting quality tenants has not been a challenge... so far so good.

I told him I was having these issues & he just told me to keep trying.

@Mark Miles I don't think that BP as a whole would have any issue with that statement.

@Tyler Speelman, A 1031 exchange solves the tax issue. 

Here is some key information:Property recently hit the market and has 2 cash offers alreadyThe seller provided a pre-inspection report, which I shared with 2 different lenders, both think it may fail conventional financing due to potential structural and electrical issues (realtor thinks it could pass conventional)Seller has 100% equity but is behind on other payments (not sure of the urgency money is needed)This is my first attempt at an “investment” property so I’m new to thisI see 3 optionsMove forward with an offer using conventional loan pre-qualification-Not as attractive of an offer to the seller-Possibility that appraiser calls out structural/electrical issues that need to be fixed before closing, effectively causing financing to fail- Best terms and fewest loan fees for meUse a rehab style loan such as ChoiceRenovation-Even less attractive than a conventional offer to seller, but less risk of failed financing if appraiser calls out issues-Slightly worse fees and interest rates compared to conventional-Lenders tell me possibly up to 60-90 days closing in some cases, with red-tape for contractor requirements and draw schedules (sounds like the most hoops to jump through during rehab)Use a hard money lender-Most attractive loan option I can give to seller so I can compete-Much higher fees and interest rate for me-need to refinance into a conventional at the end of rehab (not familiar with seasoning periods but I think this is a factor as well)Which option would you do?

We've never had any issues whenever we submitted a claim, and they would take care of the type of situation you're dealing with.  

That being said the main issue with leverage is being over leveraged.

Same issue, website address doesn't work 

However, this is a conservative regional bank, that is on the NASDAQ, so maybe that’s the issue?