We have a buyer for the property and now it has been discovered that the corporation paperwork was submitted to the state as a charitable contribution even though we are listed as a not for profit organization and have been listed this way for well over 40 years.

As San Diego gets priced out, tenants and home buyers have to go somewhere. 

So the buyer's technique got them a $100,000 price reduction.

We let them rep us on the buy & resale once it's renovated/built, and they are happy to try and work with us on a deal where the seller wants an all-cash, quick close, or the home won't work for conventional lenders/end-buyers, etc.It is hard to find 60-65% of ARV deals, but that's why we are still around!

Note: Our initial goals are to wholesale to build immediate working capital (targeting $150k) and hold for cash-flow to build 10k/mo FCF (free cash-flow).We have made some cash buyer connections, identified and underwritten potential deals on hundreds of current deals, and developed professional relationships in our target community (cleaning, construction, governmental). 

Many buyers/investors are using this strategy to invest in real estate.- get into real estate with a lower rate and lesser percentage down payment.

You can reevaluate selling in a few years when interest rates improve and more buyers get into the market

What are they suggesting you off the buyer’s brokers, another 4-6%?  

just really disappointing that the loan officer knew we wanted to rent it out and when the real estate savvy guy wasn't there, made the other buyer sign something preventing that. 

@Matthew BrownYou can find real estate agents and cash buyers on Propstream and I believe you can pul 10,000 contacts per month.