Sometimes for a response to a bank's counter-offer, I will not change my offer price, but I will up the EMD.I will make my offer price some oddball number, not just say 79000 but 79K plus some change - gives a slight edge over those who offer in round figures.For time to close, I say something like 20 days - but worded something like this:Originally posted by offer clause:The closing shall occur on or before ______________, and be extended as necessary to complete all paperwork required.That's because the banks have to get the paperwork signed by somebody, and that always seems to be taking longer than you would imagine it should.As for your investing experience resume, the asset manager will probably not see that since they now get the offers from some website for the most part.

They can extend your loan terms, defer payments, etc.

Usually you have a period to conduct your diligence and I would assume by the time approval is issued, it has expired.For short sales, I include a stipulation that extends the due diligence period to 7 days after short sale approval is received in writing from the bank.For what it's worth, my RE attorney is a partner at the largest closing firm in the nation, and this is the way the firm recommends writing due diligence contingencies for short sales.You signed a contract for a particular purchase price, and could put in whatever contingency you wanted at the beginning.

With the kickout clause, you can pretty much extend as long as you want, as you always have the option to go with another buyer if one comes along.

This makes sense only if your not planning to buy more rentals.By extending the term to a 20 or even a 30 year amoritization, not only will your montly debt service decrease, you still have the option to make a higher payment when you have adequate cash reserves.Also, commerical loans tend to have higher rates, so you may be better served with a residential mortgage.

You could always mutually agree to extend the term by a few more years as you approach the deadline.An adjustable rate was also mentioned which mitigates some of the risk, but your money is still locked up.

We wanted to extend the loan but the lender wanted to up the rate to 8%.  

I am seeing very good deal flows..stuff normal people can not get access to ( self storage, mobile park homes,  hotels/extended stays in the shale belt states. apt complex in hot areas ( TX, ATL ) .. just to name a few.  

AE zones will generally extend inland to the limit of the 1% annual-chance Stillwater flood levels (SWEL).

Overall, I strive to be responsive to tenant inquiries/complaints, treat my tenants fairly and with respect and so far (touch wood), I have not had problems with rent payments or property damage and all have extended their leases.