This deal has more hair on it than just QCD:original owners were foreclosed upon by Fanny Mae;then the property was transferred or sold by Fanny to this bank;the bank has been sitting on it for 4 years and finally decides to sell, butin addition to QCD they want cash only (not even hard money);10% earnest money deposit - I have no problem with it if I can get it back in case the deal does not work out - but they allow forno option period and no contingencies of any kind!

short of making a list of banks to call and be upfront about what you want.

Hi @Len Roche .Rate shopping only counts as one hard inquiry - as long as you do them in a fairly short timeframe - 14-30 days depending on the lender.

It's getting close to the lease renewal period for the tenants in my property, and I'd like to be prepared.  

Long story short--turns out IndyREI didn't even do the rehab themselves.

It's getting close to the lease renewal period for the tenants in my property, and I'd like to be prepared.

Would it be beneficial to re-contact the owner to see what he would sell it for now, or is it out of his hands and into the banks (and now a short sale), or should we wait until the sheriff sale if the property isn't withdrawn?

Option to payoff principle balance before balloon period with a fee of $2,000. 

By law, payoffs have a specific time period a lien holder has to abide by.

Looking to grow to do multiple projects simultaneously, need to figure out how to secure short term capital funding to facilitate this