When it was all said and done, we figured it was easier if we deposited one check in the beginning.There are other cases where I got such requests, though unusual, but not a red flag in all cases.I thought post dated check were illegal or is that just my lovely state of MA again ?

And then, if someone wants to rent your property who has a history of not paying rent, you’re not allowed to reject them.But as long as you bend the knee to DC, they’ll print the money to pay you.You better call congress now and tell them to reject this bill.The cure is worse than the disease.OPEN AMERICA NOW!

It will create both a demand shock ( yikes I don't want to buy right now) and a supply shock (yikes I should wait until this blows over to sell) which is unusual--it won't force the hand of either buyers or sellers.  

Being stuck with unusuable property is the opposite of what I'm going for!

Unless there's a VERY unusual situation, anybody wanting to sell just lists their home with a real estate agent.  

Is it unusual for landlords to buy with cash?

I don't know what the experience level is of your loan officer, but it sounds unusual for them to call an agent to ask about an ARV?

Also, a seasoned co-op listing agent will know how to present buyers that have unusual income streams, are self employed, are maybe trying to time a sale and purchase, or are doing gifting, co-purchasing, or need guarantors, etc.

Have you ever heard of a town called Horseshoe Bend, AR?

There can be generally a week or two lag between a closing on a REO, and the bank actually executing and recording the deed...not that unusual.