W/ regards to Philadelphia, my partners and I are seeing that when we make an offer the realtor gives us a Sales Agreement which we then give to our lawyers to look over even if the offer isn't accepted.

As soon as our offer was accepted by the seller (still waiting for the bank), I made sure the HOA had no issues with the units being rented.

Upon our contract being submitted, we were told by the lender that since this was a Fannie Mae property, it was required that we list the property for sale for 5 days before they would accept any offers.  

The seller had 3 contingencies in the counter which we had accepted and signed without fully understanding the 2nd one.

For example, if your properties accept housing vouchers, what experience do they have with these programs?

@Charlie DeHartmy problem is the use of standard industry terms in a non-standard way and demanding acceptance by everyone. 

The reality is that in every single case if the landlord had properly screened the applicant they would not have accepted them. 

Congratulations again and best wishes for your offer acceptance!   

Oh and it runs from the day you took ownership, to the day the offer was drafted not date accepted.

First as some have suggested, get the credit report (be sure to do this yourself; do not accept  credit reports presented by tenants as these may be fraudulent).