The offer was accepted and, LONGG story short, my mortgage officer pre-approved me for the wrong type of loan.

What are your best practices for accepting an applicant who has a credit report showing active collections? 

I recently sold my CA home, with the initial accepted offer being 7% over asking, with all contingencies removed from the outset.

After getting an offer accepted, ALWAYS get an inspection. 

Combine those two factors and investors are willing to accept lower returns than they used to. 

And the VA loans get this bad reputation on the market with real estate agents who don't want to accept an offer from a vet with a VA loan. 

They will sublet every room, or, depending on their social expectations, will even pack multiple guys into a room. 

but, I personally find it unsatisfying and frustrating to have someone start a thread about them investing in RE syndication and asking other investors experience only to find that they have started the same exact thread many times in the past AND  after my exposure to their post....and then to top it off they are not even really investors, nor are they really going at the topic from an investor mindset, but, rather have a purely 100% ulterior motive of promoting their own syndication....AND to add injury to insult, they are really horrible garbage investments.My opinion of most accredited investors, is that trust is a key component for them, when investing in Syndication. if the networking technique is disingenuous, it just comes off as corny-time-share-tactics-manipulative base level conduct that is unappealing, untrustworthy and wastes time.I will say that all your points of essentially "caveat emptor" regarding ones own filter for things anywhere on the internet(including BP)are true, but, the benefit of micro-social media- climates like Bigger Pockets is that you get the benefit of other like minded, maybe even I dare say "smarter than me" individuals, weeding out what is the inevitable dissent into Craiglistification of said micro climate...meaning that eventually if all the post, or some critical mass of the posts, become of the aforementioned disingenuous type, the benefits of the this type of forum become less evident or more cumbersome and timely to get value from, and maybe even have negative return on time-equity.....IMHO

We offered on it 3 separate times and it wasn't until the 3rd time that we actually got our offer accepted.

I am hoping the seller will accept a contract with 8K down, 32K on 30 year amortized and a 5 year balloon.