Had I not done the inspection (waiving appraisal and inspection contingencies is not uncommon in this hot market), I would not have uncovered the other issues.

To compete with this: offer high and fast; offer seller to rent back for a while as they have no where to go; be willing to risk your earnest money and waive contingencies; have extra cash when the appraisal comes in low; pray; think positive.

I am in escrow for my first rental property and asked for rent rolls to be provided on the contract as one of the contingences.

I am in escrow for my first rental property and asked for rent rolls to be provided on the contract as one of the contingences.

A question for you...are you still in your DD and do you have any contingencies that aren't yet waived?

Within 18 hours she received multiple offers all over asking, one of which being 90k over the listing price and waived contingencies.

To clarify, my loan was not denied but I had my contingency in place.

I sent an term sheet to an agent to make an offer and I included a 10 day inspection contingency.

Properly identified property and parties, signed by all, etc.Be sure that your contingency is clearly written so there's no chance for misinterpretation.If all that is in order, I see three options:1.

@Matthew Grabarczyk If this is a good deal for your standards, why not put in an offer with contingencies (inspection, appraisal) then get a look at the rent roll, and the “schedule E” I believe, to see what the current owner is claiming on taxes.