I was just listening to Warren Buffet and this aligns with his investment philosophy (and Ted Williams).

@Carlos Tovar the philosophy of solving money problems by making more money is not a sound approach or a long term solution.

My philosophy, for lack of a better term, is spend less than I bring in, save at least 10%, shop local, shop mom and pop, stay away, as much as possible, from the huge corporations.

@Alan Grobmeieri also follow the mantra of never losing money, its not the worst philosophy 😂🤘🏻By SDIRA - do you by any chance mean the property is in San Diego?

As far as how long it takes to get a response a lot will depend on the listing agent, they have a better idea of the situation, different banks will have different philosophies, I don't know what the property is worth in present condition, but my gut says that offer is likely to be rejected, however you won't know until you try.

My philosophy is similar to @Steve K.

The antithesis to this would be a sponsor with the philosophy of "We do an 80% LTV loan on every deal no matter the market or the business plan." 

You can likely get a great idea of who knows their stuff and who has a philosophy on communication and strategy that works with yours. 

Im not interested in being in debt but want to actually own property outright.My philosophy restricts me immensely but i like the buffet ways of thinking - buy for life unless you have a reason to get rid of it in the future.

In a fund you are much more investing in the sponsor and his operating philosophy than the merits of the various projects within the fund.