If the seller is requesting cash offers, this is pretty indicative that they don't want to play any games.

Chatting on the phone can go a long way to making sure you a quality guest.We are pretty far out of town down the lake so we don't get too many party type requests which is good for us!

Most REO deals prefer cash or private or hard money.So, many new investors think foreclosures are good because they are priced lower, but they are disastrous options for first-time investors as the inspection ability and repairs requests are limited to none and foreclosures also often times come with tax liens and other liens that may all not be fully disclosed at the time of the auction.If you are a first-time buyer and want distressed, you can look at HomePath properties which are Fannie Mae REO and they can provide a bit more protection to you as a buyer.

The one I sent my loan request packet to said they could offer about 275K on the loan when I was looking for 320K and my loan balance is 305K.

The buyer can request the seller make a repair or alternation.

Checks should start arriving by tomorrow.One request for deferment, will only consider with (proof of employment loss, savings,IRA,checking statements)

If you really think it is viable, but don't want the headache right now of a new project, you could request for an option to buy.

I listed a flip at 250k, and accepted an offer at 250k with 5k to buyer at closing with additional repairs that were requested post inspection.

When presenting the request for the extension I would highly recommend presenting the lender with a strong exit plan. 

If the buyer requested you to mark everything he needs to sign and put the package at his door step, then you wait in your car for him to sign. maybe facetime him during his signing to make sure everything is signed. then he drop it off at his door step again for you to pick up.