I came across something this week that's a first for me.Bank owned house that has (3) apts with 2 bedrooms each. Bank knows that I'm an investor and not a user. They offered to have the paperwork changed to a single family residence so that they can get it out of "commercial" and would sell it to me with 3% down (even when they know I am an all cash buyer.)
Not a challenged nabe at all. Price is good with a good cash flow.
I mention this only to show to what extent lenders are willing to do to get houses off their books.
Let's see what they think when I make my lower than lowball offer tomorrow. Maybe they'll stop loving me.