Hey BP,I received an appraisal back below purchase price and realized appraiser used initial offer and not the accepted counter offer on the appraisal report.

I re-read the signed counter offer and it states: "Buyer acknowledges lease in place with blah blah LLC". 

I needed to respond to a counter offer that day so I just called another agent who was available and we viewed the property together.

I made a simple offer and the counter offer by the sellers state "Upon buyer releasing the loan contingency, the buyer will immediately release the EMD and the seller will provide notice within 48 hours of the tenants to vacate.""

I love seller credits, it’s a great way to bring less funds to the closing table or buy down the interest rate.Update: THEY ACCEPTED MY COUNTER OFFER!!

In the upper part of the thread you mentioned a counter offer presented to you.

Typically its seems that the offers and counter offers go in rapid succession the same day.  

Hey All-First of all, by no means am I going to pull trigger on this deal simply because BP people say go for it, but I'm wondering how the details on an opportunity I'm looking at compares to others experience.I'm sitting on a counter offer on a mixed use commercial building that's a touch more than I want to spend, but if I so choose to, the numbers work out as following: approx $12k net cash flow/year, and just shy of 12% CAP.It's a stand-alone building in heart of a (very) small town.

I lost out on one because we requested an estopppel instead of simply accepting counter offer (this was on property that was 6 digits below value).  

If the market is that hot, generally speaking the buyer won't go away (no guarantees of course).You have the leverage so you can send out a multiple counter offer.