Instead, the investor is going to want to see the property and verify the numbers for himself which is not allowed.QUOTE:  "Examples of such acts include, but are not limited to, advertising listed property for sale, “showing” listed property to prospective buyers, providing information about listed property to prospective buyers (other than basic property facts that might commonly appear in an advertisement in a newspaper, real estate publication or internet website), negotiating a sale or purchase of real estate, and assisting with the completion of contract offers and counteroffers using preprinted forms and communication of offers and acceptances"

However, I noticed back in the day when I used to send the preapproval letter with the buyer's max, we almost ALWAYS got a counter offer that was at or close to their limit.

 -  Should be counter-offer and require a balloon payment after 12 - 24 months?  

This tells me that multi-unit prices decreased by at least 10% during the past 9 months are are definitely not rising.So, here is a little math if anyone wants to show others how to do the math.10-units in Torrance California on Van Ness Avenue about 5 buildings south of Redondo Beach Blvd.Asking $2,750,000I would offer $2,650,000 and tell the broker I will not accept a counter offer, will not ask for discounts for repairs and it will be a done deal.Gross Income is $180,000 or $1500 per unit and can be increased very quickly or if you think it is better to do over 3 years to no less than $1650 and to a max of $2750, but you need to spend $300k for rehabbing.Personally, I am not interested in this property because my calculations show that if I raise the rents $40 per year for the next 10 years and after the rehabbing with principal paydown I would earn a whopping $515,000.

He expected you to counter offer and when you didn't, it made him believe the price was too low.

I asked my agent for her opinion on my counter offer and she said that couldn't say much and that she needed to remain impartial. 

The owner made a counteroffer and we accepted.

There was no counter offer or anything (makes sense since it was bank-owned).

I believe the thing that made me question things was due to the fact that when I gave my agent the number I wanted to use in the counter-offer, she tried to convince me to lower my counter...which I found annoying and it infuriated my wife.

A loan will usually be better for you than a note sale.But it also sounds like you really need the cash out, if that is the case and you can't carry the note, hit them with a cash price as a counter offer.