@Justin Garrett This is not uncommon, this is how a “wrap around” mortgage is done...that’s what you have.  

Data that reflects real estate opportunities is nothing more than the measurement of the common and uncommon activity of people seeking to meet one of their core needs, shelter and housing.Recently I sat down and had a conversation with him about where the REI marketing is going and I thought I would share my biggest takeaways with you guys.Fact vs.

If that is the case, it appears they are considering that use abandoned since the property was vacant, but 1 year vacancies are not uncommon for commercial properties.

It might not be the best best rate but the application process has been fairly simple and while I have my primary loan officer it is not uncommon for me to send correspondence to his boss that I have known throughout the years who is the head of the mortgage department for all of their branches during the process too.

Basement storage is very uncommon in this area and would be a continued nuisance for us re: pest control, utility replacement, and addressing the work we have planned on the building which includes structural work in the basement. 

What's uncommon is that they waited so long or kept it so low.

This year in advance rent is not uncommon and there's a variety of reasons for it.

You mentioned they want a four bedroom two bath with a couple of acres of land for 200 K that’s not common unless the house is in dire need of repair and then it’s still uncommon.

It's not uncommon for them to ask for bank statements showing deposits matching the rent. 

As for the Appraisal Institute, from their "there's bias everywhere" article, [...]a recent study by the American Enterprise Institute found that "appraiser racial bias on refinance loans is uncommon and not systemic."