Here’s the property in question. I’ve moved on. I was going to throw in an offer of $300k with the price drop on 2-14-2011. I found out there was already an offer in when I was debating mine. The news of the existing offer just before mine made me pass on submitting mine.

Obviously the Bank didn’t think the $350 offer was good enough and rejected it? It’s now re-listed at $465k, and will not cash flow now as a rental.