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

I also have been attending my local community college for the past couple of years completing my prerequisites in order to be accepted into an RN program.

I would write down your acceptance criteria for your first investment (cash flow, down payment, building size, etc.).

Hello,Hope you are doing great.Quick Introduction about me: I am newbie Investor with 3 SFR positive cash flowing properties - all are Buy and Hold Rental properties - I am able to Traditional finance for 30 years fixed up to 100% of purchase price (by executing 'Buy-Rehab-Rent-Refinance' strategy).My new venture: Seller accepted the offer of 95K that I made on a fourplex property located in Houston,TX and I like to find out the next steps on this.Details about the property:Good-This building got all 4 units rented (525 … 565 … 550 … 550) with total monthly rent of 2190.

I will meet with them if need be, but I feel this deal maybe one that the sellers will not accept at first.

And the fact that owning rental homes has gotten into the main stream of every day US citizens of owning them.. there is intense interest in this..

No knowledgeable investor would accept the property on a (Personal Representative) transfer deed, without title insurance.

They accepted your client’s offer based on the attractive offer of a waived home inspection and waived financing contingency.

Did you close or just accepted an offer?

The attorney (trustee) and an accountant on the seller's (my side) have fees to cover however this home is a short sale and I've never heard of a lender accepting the fees of a trustee and accountant as part of the short sale approval.