What are you discovering?  

Hello BP community,I discovered this site a few months ago, I love the podcast, however, this will be my first post.

Remember, they are also worrying that you will actually close on the house, so it is a two way street.Hopefully you have enough padding in your finances to cover any short-term vacancies or any repairs you may discover after the owners move out.  

From what I've discovered so far, this is a great place to learn, participate, and network.

My guess is that they're cleaning up records and have discovered that there are more rentals than there should be.

But I've also discovered that a couple of the local credit unions will refinance less than $50K with rates around 3%.And I've been working on the projected value angle with my dad, demonstrating how the values have been steadily increasing around here due to all the new development in the area, with an estimated increase of around 3 or 4% this year (though I'm not sure if that's considered good, mediocre, or what). 

If the bank discovers the transaction and decides they don't like it they can accelerate the loan and call it due in full.

NOT in the owner's best interest.I don't know what the answer is, but the model is flawed.

Are you really willing to bet the next 30 years of your life on something that you could evaluate in a couple of hours in Excel and *perhaps* discover that all that effort will just cost you money??

Even in a cash purchase (i.e. where there is no bank involved), the buyer will need title insurance in the event that there is a title defect that is discovered after closing.