What this requirement is doing is setting the stage for an applicant to cry foul if they specifically meet a requirement as you state it.

Trust me this is not worth getting into a legal battle over trying to make an exception, this is a business that is heavily regulated and guarded to protect all tenants rights.

@Chris Stauffer  and @Tracy Battles  You can do conventional financing for properties with under 50k purchase prices.

I am marketing in Battle Creek and of course come across a lot of things that don't work for our strategy.  

Seems folks think you're going to paint a master piece with a paint by numbers set.One might know how to pick a guitar but they won't be successful in the music business unless they study music.What is it that attracts real estate zombies, is it the smell of money?

@David Ward  @David Battle Honestly not long enough.

I have appointments later and I can't smell like a litter box at them".Joe VilleneuveREcapSystemA2REIC

Hang in there and stop and smell the roses for awhile. 

Jay, at this point, I am not interested in finding who dropped the ball or who was responsible for all the foul ups, I just want my final payment from you.

can you smell it  too?