Not major rehab needed though- Sales for similar homes in the area go from 20's to 60's- Rentals possible between 650-750 (she wasn't sure though)Say I get an offer accepted at 30K or so, plus 5K to replace the AC and do the required work. 

Still being new here I'm not sure of how many personal details are acceptable to share (or that I want to!). 

The seller and the sellers bank have both accepted our offer.....but you are saying that the offer is not actually accepted? 

@Scott Koppel I see that by investing $3054, your dividend increased by ~$15 - that is a return of slightly less than 6%, which may be acceptable to many investors.Instead of saying 3% fees, they say 97% of the money is invested and the rest is used for running the REIT.

Meaning will the bank accept the house hack as an income stream?

Short Sale list price $147,000Offer Price: Cash offer $127,500 (made in Aug 2015)Action: Offer accepted by the seller and moved to the bank for review (Aug / Sept 2015)Most recent update from Chase: (email from bank official regarding the deal ) valuation was completed the end of last week.

@Jay Hunt, asking about different types of loans is acceptable - we want our members informed!

Really pleasant tenant so I took a shot on accepting their two black labs.  

Is the lender eager to give up the property and how long will they take to accept the offer?

I accepted to buy it as is and pay the closing costs.