Personally I'd stand put with my offer, it really sounds like in this case and with the way it played out the seller is fishing to see if he can't pull a little extra out of you. 

Do you think thats a good idea or wait and buy the "big fish'' which is the home for the assisted living for seniors.  

You can create the environment where probability is in your favor, but it's a little like rolling dice. 

I'm a member of the Minnesota REIA, and I've found Fish MLS is good working with investors. 

And then, what has to happen is that you end up with more renters because they have lost their homes and can't qualify for mortgages any more so rents go up and occupancy rates go way up and you make out like a bandit.For me, my biggest fear is that the lending environment returns to its loosey goosey ways and lets everybody qualify for a home loan again.

@Terrell Atkinson in 2015 Maryland will require all properties 1978 and older to have valid lead paint certificates every tenant turnover and to be registered with Maryland Dept of Environment.

The point of the stress test is to ensure you can "handle," the debt service even in more "lean," times and is generally done in commercial lending environments or more business oriented lenders (portfolio).

While in the Army, I leased to superior officers and subordinates, while only one was in the same unit, we didn't work together and in that environment, it was a little odd because I felt that it was.

My brother has a larger ski/fish chalet he rents vrbo year round and practically earns a middle class living from just that one.

Thanks to you and all the awesome members here, you've provided a safe, friendly and professional environment for anyone who wants to learn about real estate investing.