My first thought was the bank is trying to buy back their foreclosures and eventually want to get rid of the property by selling at a deep discount, but this property was for sale by owner.

In my case, I got the idiot appraiser to increase the value by $15,000 and that was enough to save the deal.So I'd drill down deep on your comps. 

Additionally, many SU students from overseas have wealthy parents who sometimes purchase nearby properties for their children and friends to live in while they attend SU and then retain them.As far as neighborhoods go, @Alexis Bliss is spot on in recommending someone with deep local knowledge and connections. 

We rent the apartment on the extended stay market which means we must do a deep cleaning frequently between tenants.

This is a pretty high dive into the deep end of the pool if you haven't dabbled in rentals before.

Putting in a small investment with a deep clean, new carpet, paint, light staging, and minor home fixes we were able to sell the home over asking price.

The "wholesalers" propaganda is getting deep.

It should be the result of a deep conversation with a tax professional to understand the pros, cons, and risks.

If you aren't including healthy and steady appreciation as part of your acquisition criteria, unless you have deep pockets and high W2 income, you'll be shut down by most lenders after a couple properties. 

Now this was a listed property.. but regardless I looked up the owner and he lived in Los Altos hills off of Page Mill above hwy 280.. if you happen to know the area this is deep into silicon valley money..