Not in as good condition.

Investors generally have their own money in the game so it is in their best interest to get the properties into livable condition or find someone who will be willing to do the rehab.

WELCOME TO SOCIALISM!

No, I am not going to provide proof; as I said, it really was just a unique slant on wholesailing using the market conditions at the time (i.e. easy financing).

They're less than half the value at the peak.If you're doing a fix and flip, get in and out quick.If you're doing a rental, get immediate cash flow and don't try to dress up a deal with a bunch of long term guesses.Of course, all conditions are local.

My other question is that they sent a P&S agreement 2 days after they accepted my offer specifying all kinds of terms and conditions.

What other business can you make money regardless of market conditions, with/without money, and have so much fun doing it!

If the home sold for $353 last June and was in same condition, it probably dropped in value more than $20k to the banks current ask price.I don't think $250 is too low ball, but you will have to show some evidnece to support your offer.

Some nitwit in their underwriting department calls me back later in the day and tells me that they won't give me the loan either way because the appraiser didn't like the "condition of the house".

Zillow is an enormous falacy.Drive to the properties and inspect the area, surrounding propery condition, and subject property condition.