Cash is king in these situations,go with that.No bank is gonna give money in an unknown situation so if you don't have access to the inside of the property for appraisal and approval,you won't get a penny of financing unless you convince hard money lenders to take the gamble with you.You might want to line up some cash investment partners to help with the gap funding if you can't get your $34,000 less offer accepted.Good luck in your endeavor.

But it seemed a small gamble. 

But, Google froze my account last week as potential SPAM, apparently because I respond with a scripted text, including the website to the property with all the info.  

Most people got burned in the market crash, me included, because they were gambling with market appreciation.  

Its a big gamble, and one the note seller is obviously not willing to take to potentially earn a meager $5k more.

WCAP is a joint venture with Seed Capital.Seed capital has been spamming this site for a long time.

This is a gamble in regards to appreciation. 

on one of your post a reply came back that your comparing oranges to Iceberg lettuce and for sure you are when you compare vegas and Memphis.What caused the meltdown in Vegas and PhX  @David Faulkner  well I can tell youVegas relys on gambling and tourism in the crash any tourist city and gambling city got hurtand then for rentals  what killed that market and phx is that a very large portion of your renters were in the building trades subcontractors laborers etc etc.. building came to a complete STOP.. those thousands upon thousands of jobs left.. and most of those folks rented.Memphis is a rental city and has basically always been one with about 50 to 55% of pop are renters.

I've never been spammed or drunk dialed or called for anything that didn't resemble financing.  

That being said, no one knows where the line will be drawn with gentrification, so it's a gamble either way.