@Heather Little short answer it depends.Longer answer: Section 469 requires that you meet both the 750 hours and more than 50% test (sounds like you are aware of this).

Your offer is accepted?

I offer either 10% monthly and manage everything including accepting rent and paying owners, or on call management. 

if there is deferred maintenance it will eat up all cash flow for years and years.2. if "offers are due Sunday" it sounds like this is a multiple offer situation, in which it seems extremely unlikely they'd accept an offer below asking... in multiple offer situations the price typically goes above asking. 

Again, this may not be true in your market so you'll want to do some research/post a test ad.Hope this helps a bit!

Anyone can also put this template to the test and see that I'm absolutely spot-on.

@Sean Gammons rising property values & mortgage rates have ended the "easy days" where you could buy anything and rent for cashflow.You're going to have to look harder or go into riskier investments.Prior to the crash of 2008, seasoned investors would look at 100 properties, bid on 10, to hopefully get one deal accepted that met their ROI and CoC requirements.

I knew that didn't pass the sniff test.

In retrospect, I did not negotiate very well; I accepted their counter which was just below the list price.

I was able to rent the home for $2600 but the lender is accepting the appraisers rental value of $2050.