Financing Options / Appraisal Issues

[Mark Koontz]

I am currently under contract on a fixer-upper Farmette (Maryland). Purchase price is 400k with at least 50k rehab needed. I have 100k liquid to put down. The property needs a new roof, windows, drywall, electrical, bathroom, etc. That being said, it's not going to conventional financing. That leads me to where I am now - a conventional rehab loan. Are there any other options aside from the rehab loan other than cash? 

The issues:

-I wanted to put 50k down on the purchase, (lender will waive PMI with 10% down), and pay cash for the rehab and do part of it myself. The conventional rehab loan doesn't allow you to do any of the work yourself.

-The conventional rehab loan requires a general contractor to give one quote, with all of the subcontractors included. So I am paying a premium to the GC for the extra facilitation of the SC's. 

-I am quoted a higher interest rate and more fees since its a rehab loan. 

Appraisal Issues: 

-A separate issue is that there are two block garages on the property. One of them was struck by some heavy machinery and created about a one inch wide crack along the entire height of the wall. Will this create any issues when they do the appraisal? I am not worried about the integrity of the structure, but will the bank require this to be fixed? I added a photo of the crack. 

-There is a large amount of debris on the property including two 53' semi trailers that are in disrepair. Will the bank or insurance company require them to be removed? 

-The house and garages have wood siding with peeling paint. Any issues here? 

-The garages have broken windows.