I would think I'm small potatoes for them and the form 3115 is so ridiculously thorough that i think it all but negates audit but we shall see :).I will report back when/if i get it and what the timeline was/is, I was holding out hope that someone had some information on this but its been crickets.

Just find a money partner, oh yes like that is so easy.

With the new info you provided, the land does come in about 60-70% for other similar propertiesDoesnt make sense why land is so high to meI would think this would be ripe for a class action lawsuit but thats just my uninformed guessing

So much stench that is so hard to remove. 

So I’m trying to figure out if paying the extra 200k for a 3 bed is even worth the investment since annual gross is so close.

My feelings won't be hurt if the seller tells me my offer is so low I'm either incompetent or looking to steal the property, so I'm not concerned if his are hurt because my offer says you (the seller) overpaid.Also, if I'm really interested in the property rather than just looking for a quick yes to a low offer, I like to know who I'm dealing with. 

My short list is very short.I have also funded 100% on transactional deals, but that's where there is a solid end buyer already in place.I also have a source that I broker to who does 100$ financing, but the program is so expensive that there are few takers.

i hope one day to have a portfolio that is so big that i need software to do it =)

I would be suspect of why the owner is so motivated.

I had to go over due to my cleaner being unavailable and there it is. So