To me the LO is hardly the most important person, lol. 

Generally if an LO can handle 4 (& you will know by this point) they can handle 5 or 7 assuming their platform supports more than 4.I would call @Andrew Postell.

The LO didn't catch that reason.

It is very slow and my LO is very unresponsive.

The idea of a LO is to have as little money out of pocket to "control" the property until you decide to actually buy it when you exercise your option.2 - You want a clean property...no liens on it. 

That means instead of putting $100,000 on your LOC for purchase and another $50,000 on your LOC for the rehab, you are putting only the rehab $50,000 on the LO, leaving you $100,000 available on your LOC to buy another property if the opportunity comes along.

They said they would pay us half of the cost as closing and we agreed seeing as the amount was relatively small.After signing the contract we then had our own chimney company come out to give us a quote on the repairs and lo and behold they found almost $8,000 in repairs needed (removed connection from boiler to the chimney which was completely corroded/leaking, cracks in the flue, etc.)

You'll always want to have the ninja who can do the LO role.

Here in Oakland there's like 1 LO who shows up to these things and knows people, I'm sure it's more or less the same in your area. 

Thought I could add in this cash offer along with a general terms offer like LO or owner financing.