And, I'm personally on the hook for any loan defaults.While we continue to aggressively drop the price and hold open houses, I've called number of cash-for-homes companies but have been told it's outside their typical purchase criteria.

Overvalued' is not a function of absolute prices only, one needs a comparison variable (typically income) to normalize prices by, to determine if something is overvalued.

Typical LTV on investor properties today is 70 or 75%.

Is there anything I can do here to get financed sooner than the typical 6 month settle period?

I'm ok with a bungalow or typical wood frame as well, but i value brick more.I'll buy in a cheap area, but up until a certain point!

@Katherine Linza  Yes, as Michele mentioned, typically banks will use the lower of the appraisal OR purchase price. 

If so, what percentage or amount is typically required?

I don't even know how one would typically conduct a search for a place.

I know on a broad scale what cities typically offer cash flow and which ones don't.

What’s the brand and color of the wood Look flooring and tile you like?