A tenant with no landlord reference or with no credit would require first, last, and deposit.Tenants with no Landlord reference AND no credit are rejected.

They have 10 days to reject such a change (in writing) after which it becomes binding.

On the other hand, they have holding costs that compound, so getting off of their books sooner than later is also a consideration for them.So, if your offer is a low ball, they will get to the bottom of it, and will likely reject your offer if it is too far off of the BPO. 

@Anandakumar ElumalaiWe are sorry for your recent experience on Roofstock.As explained in our email exchanges: all offers, including yours, were made available to the seller the system did fail to cancel all pending offers after the review period ended and our engineering team is looking into what happened and working to correct this errorWe can also confirm: your third offer to purchase the home after it was erroneously listed (given negotiations were on-going and had not been cancelled) after the review period was made available to the seller, who rejected it given the current higher offers he was negotiating the seller was negotiating after the review period (this is the system error noted above that we are working on) with parties who bid on the property during the open house period and whose initial bids were higher the seller is currently in contract with a buyer with whom he was negotiating with in the review period (and later) at a price in excess of your offers we confirmed that an email was sent to your email address on July 14th @ 9 am that your offer expired due to the seller not taking any action Lastly, one of our executives reached out to you via telephone a week or so ago and if you would like to discuss this matter further please feel free to call him.We hope this clarifies what happened and again we apologize for the inconvenience.

There is no reserve -- the high bid gets submitted to the bank to accept, counter or reject, just like any other offer.

I have a detailed algorithm that rejects quite a few tenants.  

If your offer is contingent on an inspection, depending on how it was actually written into the contract, and if you disapprove of the inspection, provided you had it written in so you could exercise the rejection, then you would send in writing a rejection of the inspection and in a different document make a new offer.

You are only limited by what your mind can conceive.But, I agree with the original poster's comments, most won't ever take the time or do the work to make it happen.Like this.Thank YouMost wont attain...hehe...i could be one of them....i need to prove myself...Embracing rejection from making low ball offers to get the few deals then obtain the cheap financing for the property so that it cashflows.... 

You left out the language concerning the precise reason for the recording rejection.

They may reject your loans or simply require you to do the paperwork to transfer assets to a proper LLC before they work with you.