Or get flat out rejected?

The reason I ask is because some of the feedback I had gotten is that while a lot of ppties looked like deals in the brochure, if it was going too cheap the bank just rejected the offer!

If you feel things are not that secure find a friend who is interested in being a buyer long enough to get the prospectus and then reject the deal.John Corey

We ended up getting rejected by several lenders because, basically, they don't like seeing 2 LLCs on title.  

Personally I'd go verbal first, no need to write up an offer because most of the time you will get rejected and it will be time consuming.

I find that it is a great indicator of dicey neighborhoods where there might be some bad things going on but I will tell you that I only completely reject a property if it is a heavy red or in a large geographic crime area because I have found that an area can have some orange but it could be that there was an incident or two or suspect traffic that was stopped in the area but the crimes weren't committed there, etc.

So I'm rejecting this one.

A lot, since she already rejected my offer of one months rent cash for keys. 

The problem is that lender started the process earlier (opened FHA case number) and FHA office at HUD rejected the loan.

Also, there is always a risk that the taxing entities will reject the ag designation, especially in a the multi-use scenario you describe (say if the rental income from the MH was higher than the horse boarding).