The seller is even willing to reduce the asking price because of this issue.

Some short selling banks actually reduce the commission paid in dual agency situations.  

I do think it helps reduce the amount of tire kicking tenants that apply.How does everyone run their background and credit checks? 

If there is very low activity they either reduce the price, or perform minor rehab in an attempt to move the property - just like anyone would do when they have no choice but to sell a house. 

I left feeling full of energy, inspired, and grabbed a few new pearls of wisdom up to and including a new hold Portland initiated on rehabs that would affect a flip I'm working on now.  

And since we only buy under value, we can (usually) get them to appraise high enough once the property has seasoned (usually a year) that we can refinance out our entire loan with a bank on the back end and substantially reduce our cost of funds.But with buy and hold (as with most real estate), finding capital is the hardest part.

Frame it that way and you may be able to get them reduce it..... 

Bottom line-they saw I was an investor and back pedaled reducing the appraised value of my property and then reducing their offered loan to 60%.

I take care of all the potential problems as soon as I purchase to reduce unexpected maintenance expense in the future.  

I would venture to guess it takes 3 times the energy to operate a park owned community.