You aren't required to offer a loan mod prior to foreclosure.

Was hoping to get at least 115k based off what comps were.

You can offer whatever you think is appropriate and message the seller with your reasoning.

They are asking $375K but not getting it - so not quite $20k underwater from asking but they're offers so far are around $350k and lower.

The city offers a mix of high appreciation potential in certain areas and solid cash flow in others.

Not a lot of our competitors offer this but it's something we can consider (but for us, it can't be in a rural area, the loan amount must exceed $150k, if we're using PadSplit income (or STR/MTR income) the max LTV is 75% and the down payment must come from your own funds). 

I also have a ton of property management experience and offer tenant placement.

I have bought 2 of those, offered on plenty.

Given the competitive market at the time, every property was receiving multiple offers, and securing a deal required both strategy and speed.

Since I’ll be doing both STR & MTR on the same condo, would regular long term rental insurance be fine along side with the VRBO/air BnB insurance that they offer ?