I just posted a blog - the 6th installment of The Science of Finding Deals forum and blog posts exclusive to the Biggerpockets community.It's a long read...but I promise, it's worth it.

The bank wants a qualified buyer, at an acceptable price, period.  

What happens if I get a house under contract and cannot get a buyer to accept and close the deal?

Rental Rates high seasonDaily range $125-$160 Weekly $850-$950Rental Rates low seasonDaily $105-$120Weekly $675-$800 Residential tower is one of the most sought-after residences in the beach area.The building is an icon and a staple in Panama’s beach communities– particularly amongst English-speaking expats and vacation homeowners.It’s known throughout Panama for its ideal location, breathtaking coastal views, resort-style amenities, and spacious high-quality apartments. amenities include: Direct beach accessRooftop pool and social area with panoramic beach and mountain viewsGround pool and social areaChildren’s poolFitness centerGame roomLow monthly maintenance feesCovered parking24-hour securityOther advantages: Home to an established community of English-speaking expatsA short walk to several excellent restaurants and a mini-supermarketAbout five minutes drive to the major supermarkets, banks, shopping, and more restaurantsJust over an hour from Panama City, largest city and national capitalDeveloper units have long since sold out, and people take advantage when a resale comes on the market.High resale value and reliable rental incomeThe Apartments iconic and high-demand development– occupying an exclusive and enviable waterfront position and filled with lavish amenities.The units, which sit on the 1st, 2nd, and 4th floor, each offer a prize-winning & unobstructed view of the Pacific, and a private balcony fully furnished, with modern tropical-chic décor that suits its beachfront ambience kitchenettes have also been providedNow for the numbers: average monthly rental: $2,200; property mgmt fee $115, condo maintenance fee: $68; Cable wifi $60; electric $60 mo, Rental mgmt fee: 20%; asking $185,000 USDMore detail in terms of Property insurance, taxes pending.

To me, this is an acceptable risk given the current cashflow from the property and the likely changes to interest rates over the intervening years. 

It is typical to get financing AFTER an offer has been accepted.

Either I take it on or the lender does.In short term deals I've performed with an AUD lender, I accepted the risk of currency fluctuation and it was written into the lending contract that they were to receive their base AUD amount plus interest as agreed, regardless of any currency fluctuation.  

A few suggestions:To avoid being accused of discrimination of one kind or another, you might want to give an application and a list of your acceptance criteria to each adult who sees the place.

I stood my ground (because now I thought to myself that may be too little and an insult,by their reaction) I said yes, $17,500 no contingencies all cash.They said they will see what they will say.15 minutes later, I received a text.They accepted your offer of $17,500....Such a great feeling!

In 1998 I did a deal that played out like so:1- I had my agent find me a property in a so-so neighborhood for 32K.2- I offered 18K with $50 down; It was accepted.3- I asked the seller for the zoning certification and proof of title (I knew that my end buyer would request the same from me).4- My contract with the original seller stated that I would pay the balance in 30 days.5- I found a cash buyer in 12 days.