In your case of a fourplex, option 2 should get you a better deal.I would also agree with Bill on how the number of units may not correlate with the value of the property unless it is a large multifamily complex, and sometimes a fourplex or several single family houses would give you better returns. 100% We always recommend conventional first until you can no longer qualify for those. 

And, we'll probably want to buy another house before then. 

You could tell them to cancel the listing and you will find someone else to list it after a month not 4 months (the market take is subjective too, all dependent on what your house has compared to others, where it is located, the size of it, and so many other factors).

Option 3: Pay large down-payment on modest rent ready house. 

Other banks allowed us to do our own in house valuations.

It's NOT a house!

So about two weeks ago, my wife found a health coach that I am going over to his house and he has his own gym and I am working out a few days a week.. so far so good. :-)The health coach mentioned that he has a health coach for himself.

When I tried to get it when my side of the family found out and tried ti take over reverser mortgage payments to bank because she had died it was to late so they sold the house to Hud and then other reverse mortgage companies but a relative still lives there so they can't kick them out.

I missed a lot of flaws in that house and I had some painful years as a result.  

Quote from @Vid Vin: Was the house really for 2000 dollars?