Hey everyone, just recently got rejected on our offer my wife and I made on a duplex.

The market can reject you though, if you price too high.  

This sounds like a legal disaster waiting to happen when the bank rejects the short sale or counters with an unreasonable price.

If you do not meet the selection criteria, or if you provide inaccurate or incomplete information, your application may be rejected and your application fee will not be refunded.”Landlords running a credit check on prospective tenants as part of the application process must meet several conditions, including: (1) The landlord must get the prospective tenant’s written permission to run the check. (2) If the landlord declines to rent to the tenant based on the applicant’s credit report, the landlord must inform the applicant of this in a “Notice of Adverse Action.”

@Mark Pewitt, Yes, they will charge you even if they reject you.  

I would advise as many do that your worst tenants will also do something wrong in the application  process to exclude themselves (e.g. incomplete application) so you should not be afraid of rejecting applicants.

I would reject that proposal!

Determine the level of risk, then mitigate that risk or reject them. 

Accepting is being blinded by the cash.If he has bad credit, below your screening standard it is a automatic rejection.

I don't know if it's a good strategy, but I will tell you that I have bought properties that a seller rejected my best offer and later came back to me, hat in hand, asking to sell me the property for that amount.