Do you believe it's an accurate reflection of the value?

To sum it up you can go exempt for a good while before you file for you loan and show you made more money that year and your recent paychecks the lender requires will also reflect that and im sure you will get approved. 

The oil people who are likely to rent homes around $1000/month all got laid off the end of 2014 when the oil price initially crashed, but I am not sure how long it takes for that to be reflected in the local real estate market.  

After much reflection and realization that we need to not have deal fever, we have decided to decline the request. 

First off, before I give a short and long answer, I'll echo what others have already said: FMRs for your area may or may not reflect what you can actually rent your place for.

YOU CAN....AND I BELIEVE IN YOU SO GO DO IT.....Hi Joe,Here are the 5 offers:_________________________________________13609 Oak Park Blvd$37,100 CashTrust Name: 136XX09 XXXXXXXXX Trust __________________________________________11809 Darlington Ave$20,100 - CashNOTE ON CONTRACT: (i forgot where on contract Dennis noted this) ----- Buyer not asking for repairs however is noting offer reflects need for new roof, carpet and missing hot water heater.

At one point we had no idea just how many people were living there and when they finally moved out the condition of the house reflected this.Think long and hard about this before you do this. 

Generally a low cap rate market is because of anticipation of increasing rents and appreciation where high cap rates reflect little change in either rents of value.

As a seller, anything that was apparent should been reflected in your offer.  

There you are, you are now NOT inquiring about credit and your credit report should accurately reflect this.But you need to pick one.