Rental Property part 2

So we finally decided to start looking for another condo.  The prices seem to have stabilized but we are finding that lower end property is still generating multiple offers.

We found another unit for sale in the same complex as our other condo but with a different HOA. The funny thing is that this HOA is less than the other one. The unit also has a different layout but still 2 bedrooms and 2 baths with just over 1,000 sqft and this one really does have a garage.

This place has fallen out of escrow three times and we are not completely sure why. We do know that the first time it went into escrow "mold" was found in every room. Now keep in mind that we live in California and it seems that any thing you can think of is "Found by the state of California to be harmful to your health."  Whatever!!!!

So this time we decided to take a look at it and I have no idea where this "mold" is. I am thinking that some first time home buyer drank the kool-aid and wanted to do all kinds of tests and miraculously they found "mold". I was thinking that the stuff was growing all along the walls. I didn't even smell mildew and it was raining that day.  But if we get the property we will now have to run our own test and probably have someone come out and "remove" 5 mold spores at a cost of $1K.

We placed an offer, below asking of course, and the bank notified us that there were 3 other offers and to come back at best and final. We went back with the same price. Then two days later our agent said that two more offers came in and the bank kicked all offers back AGAIN for best and final. We then went up $2,500 more to make it look like we were trying. So right now we are waiting but we don't think that we have a chance, so we are not holding our breath.