A couple who was selling their house applied for my rental. They were sure that their house would close on a certain date post lease-signing, and upon my urging (twice) they confirmed with their real estate agent that...

To a lesser extent, you're seeing more fixer uppers than move in ready homes that failed to sell in the spring/summer-these individuals have finally gotten their wake up call and made drastic price cuts. 

How old of an appraisal will a conventional bank typically accept?

@Sandy Hu I used to have several with Bank of America but in the down economy they bailed on all of them.

@Ken Catron My understanding is she could get a 5% down type of loan, but typically banks and all lenders want to know you will occupy.

Many institutions want to see  you own the property for a year before they would refi at 80% of the appraised value.Is the rehab money in the bank or will it be borrowed? 

The banks are saying I can’t do that with investment properties.

Can ABC,LLC then be controlled by a parent company later that does not meet the requirements of the bank?

Little background about me -I currently work in banking as a "Performance Coach" training bankers and managers on sales, customer experience and career development etc in CO and AZ.

Plus the bank is tacking on fees and costs every day which increases the amount they wIll be willing sell it for.