The home failed the city's sewer dye test after my bid was accepted but before my home inspection. 

Before I accept the tenant, what are you looking at the tenant's pet to screen them?

However, it is not uncommon for owners to request that only one unit be shown until an offer is accepted.  

If you are not dealing in all cash of course you want to evaluate and know what its costing you to do business and determine for yourself what is an acceptable return or profit for you.

<this is Cheryl doing the happy dance>.I am accepting advise from all seasoned investors/contractors in the NOVA area willing to review to see if I am on the right track.  

The agreement should acknowledge that partial payment, and also say the landlord is not accepting that as payment in full, it does not cure the default, and the landlord is under no obligation to accept partial payments in the future.If a tenant does not cure within the time period, but then you agree to let them get caught up later, think about requiring the tenant to sign a new lease as a condition of not evicting them.

Lending Club allows anyone to invest in their loans because they are fully SEC registered, whereas Patch of Land operates under Title II, Reg D, 506(c) and can only accept money from accredited investors.  

Or should I say is that acceptable by the IRS? 

I am considering changing my application acceptance policy from first come, first served, to choosing the most qualified applicant and wanted some thoughts on this.1.  

Is there any chance that the bank will accept this application if the appraisal doesn't explicitly state that the 85% rule is met?