@Ramada Evans- 1) if buying as a rental and  financing it - your down payment will need to be a min of  15% of the  purchase price   ( so thats either  30,750 at 205K price or 32,850 at the 219K price ...so  not much of a down payment  difference   2) if it appears that there isnt much competition  or interest in theproperty - the lower price might be OK   3)  you might also consider   asking the seller for a seller  credit you can use towards some of your loan costs   4) get pre approved  if you arent already pre approved 

If you have a competitive advantage in IN, I would go for it.

Quote from @Dylan Jeluso: This questions is the same question as getting your real estate license when doing flips, you have access to the MLS, you save money on the commission, and you have a little bit of a competitive advantage over the next person that is not licensed.

We leveraged our expertise in negotiation to secure it at a competitive price of $140,000.

I decided to not buy more because it became just so competitive.

How about when your competition is using bathroom sinks that are the ones that bowls ON the counter instead of in the counter?

What's your pitch to sellers in a competitive market when you are up against experienced wholesalers?

The culture in our office is very supportive and promotes work/life balance, while still being competitive.

Factors like real estate trends, property taxes, and competition also play a role.

I wouldn’t be surprised if it’s  a marketing gimmick to get potential borrowers through the door through  weirdly worded non recourse language that is effectively recourse or by offering such terrible leverage borrowers would rather have the recourse and competitive terms.