Hey @Nicholas MannSubmit your offer along with:-comps-pre-approval letter-proof of funds-proposed date of inspection (if applicable)-attorney info (to show you're ready for the contract phase)Offer price doesn't always dictate a strong offer, its showing them that you are serious and ready to move forward.That being said, if you know this could sell for 520K and that # makes sense to you, I wouldn't go too far below that # in hopes of getting a counteroffer.Best of luck to you moving forward!

Then it goes back to the house for approval.

Has anyone else experienced banks placing conditions on fund draws approved for cash out refi on a portfolio loan?

Lived in one side for a year, then moved out to move into another investment property I owned free and clear and moved in a long term good paying tenant I knew from years of experience in property management. 5 years later that tenant was approved to purchase and is buying another flip we are due to complete in April.

There are areas where rentals won't get approved because of too much blight but your bigger concern is finding section 8 tenants who are going to want to live in a 50-70k house when they have the option to live in a 100 - 130k house.

@Karen Oduwole, if you're approved for $200, and houses are generally more than $200, perhaps you should look out of state.

Getting approved for both just opens up the possibilities for properties to invest in.

He is very risk averse and extremely happy with the results.The main question to ask is do you want debt or equity partners?

We signed one lease on Monday with an April 1st move in date and the second application was approved today also with an April 1 move in.

The difference is that my case is almost "wrapped" as we are approved, we are not shopping around, and the "perks" we got (half cost of origination fee, no appraisal needed) were offered by them.The officer did indeed mentioned that they are overwhelmed by the response of people trying to refinance, not in relation to the adjustments in the Loan Estimate but in relation to the time it takes them to deliver paperwork.