They only accept cash.

Is there a certain DTI ratio that you will usually consider acceptable for an applicant?

., smaller multifamily properties that accept Section 8 tenants)?

Maybe one of your lowball offers gets accepted.  

So, what if the tenant never accept the mail?

I’m considering a 20-unit multifamily property listed at $1.6M, but the seller has indicated they’re willing to accept $1.25M.

Quote from @Eve Favorse: Thanks @Katherine Chinelli, I’m happy to report that my offer was accepted! 

It is not a scam, but you will have a very hard time finding a deal that is worth working with them, and frankly you are going to have to find someone that does not understand at all what their property is worth and get them to accept a super lowball offer to make it worth it. even then their points and fees will eat up so much that getting the 10% down loan will have a much much higher profit margin.

@Ogonna Odo A small number of my contractors have started accepting credit cards.

Most of my landlords either don't accept pets at all or are super pet-friendly so pet rent has never been something we have charged.