Recent Flip for Sale and a nightmare

[Jared Christensen]

I purchased a house 18 months ago and did an extensive rehab on the interior of the house but not the exterior. I recently listed the house for sale as my partner needs out of it before we could complete the exterior. I had it under contract for a FHA loan and they are nit picking every little thing on the exterior. there is a little peeling paint and they want that fixed, and they want it reshingled even though the roof does not leak and was done about 15 yrs ago. The appraisal as is came back about $4000 less than what he agreed to pay, so he would like to lower the cost to that, have us pay $2500 closing costs and to follow through we would need to re roof the house and paint the exterior. so I put the deal on hold at the moment, and got another offer since we fell past the contract date, now my new offer is $14000 less than what my original offer was but is $9000 less than the bank appraised value and I can close in 25 days no FHA and no closing costs, but I could be out of it faster for my partner. looking for some advise. either way we could come out ahead of costs but not a lot and after if we split the profits the amount is not much at all. Just looking for some insite on what I should do. I mean I know the answer basically but just needing to vent about it. Thanks in advance for listening.