We were in the middle of negotiations when our fha decided to stop lending to anyone except Owner occupant.

It might be good negotiation practice to lowball an already low price.

When buying a property from sites such as Auction.com, Hubzu, etc. there's no negotiation allowed.

Start calling sellers today and start negotiating. 

@Joe Kim If the seller rehabbed the property, you should ask him to provide a new roof before closing, or at least negotiate more discount.

Below is my basic math for my investment: Annual Interest N (years) PV PMT/month Monthly Rental CF 4% 30 $ 180,000.00 $ (859.35) $ 1,500.00 $ 640.65 The 180k price tag is not negotiated yet.

Are discount points and interest rates or any other closing costs negotiable?

If that was you then I found you to be an excellent negotiator (which is more than half the battle in real estate imo).

Sellers ask for PoF statements from buyers so the seller and/or agent won't waste time negotiating with someone who can't actually buy their properties.Good luck.

Most come through the door want to buy something for $50k and sell it for $100k and oh yeah they dont want to have to co any repairs and they want to finance it with 5% down or worse yet no money down seller financing because they read a book they bought off of late night tv.I wandered a bit there. short sales take longer than bank owned property and the negotiation is more convoluted. you can literally work on a short sale for 2 months only to have the bank foreclose anyhow. there really isnt much benefit to the seller consequently its hard to keep their head in the game when the going gets tough.