@Jake EbanksIf the buyer will accept a Quit Claim Deed without warranty, doesn't care if the title is clouded and not clear, and is not getting institutional financial or  title insurance, THEN you're good to go.

Call their lender and get an idea of how far in the process they are before you accept anything.

Unfortunately a better offer on the house was accepted so I will have to keep looking.

If I have a seller that is not willing to accept my offer, but is motivated, you tell them that YOUR realtor is the best in the business and they will sell this property quickly for more than you offered.

All of our tenants pay rent at: payyourrent.com and our rental applications are accepted there.Sounds like your friend is not willing to take the time to educate the tenants.

What is the minimum you are willing to accept?

Usually I manage the houses myself, but being that I'm going to be 1000 miles away, its not quite practical.Thanks,ErickThe rate "you" want to accept is negotiable between you and the PM.

My wife and I are broke and I recently accepted an offer for a job.

Most likely the point that the agent was trying to make is that there is an abundance of buyers who are paying cash under $100k and the chances of your financed offer being accepted are significantly lower if the seller is sitting on a pile of cash offers. 

This is a business, not a hobby.I have heard people accuse investors of always chasing the highest return to the exclusion of safety and prudence.