Markets swing.

I’d like to diversify into another market in the near future - so we may be looking again in Montgomery.

Off market preferred.  

Utilizing Seth's local market expertise, we quickly assessed the property's potential.

I'm a Broker / Realtor & Property Manager in the Metro Detroit market (Michigan) and have connections with lenders, wholesalers...you name it!

If you are planning on buying it with a smaller down payment, that will also increase your mortgage costs as you are borrowing more and also need mortgage insurance.The price of the home (from the seller's perspective) is based on market value and condition, not on whether or not it matches the 1% rule.   

Charleston is such a great market.

Expecting a 4 months turn around to put back on the market in Early September. 

Were you getting others offers when it was market, and how long has It been on market?

Considering their LTV is at market or debatably below market (depending on the asset), if the interest rate or loan terms aren't advantageous, I'd also suggest getting quotes from other lenders.Since you are located in upstate NY, I'd look for local banks.