His plan was for me to have a contingency plan to buy him out if his marriage goes sour. 

The place we are moving into has tenants and they need to be given 30-day notice once we release our contingencies, one of which is closing the sale of our current property.

Was that in your contingency?

Just be aware if you make an offer with an inspection contingency and I (or anyone else) makes an offer without one, the other offer is usually stronger (even sometimes for less money).

I felt like that covered most contingencies, especially since I didn't have any mortgages.

But it's not like 2010-2011 where you can browse the MLS a few times and find one You can still find them on the MLS - a lot more offers and you have to be more competitive (this could be pricing, removing contingencies, etc.).

You could end up with a buyer making a contingent offer on you getting it rezoned commercial.  

The loan itself is about 1/2% higher than a normal fha loan.Over $35 k requires a consultant which adds another wheel to the cog, but probably good for most buyers.Both loans add a10% contingency factor on to the rehab budget. 

I do have an inspection contingency and I want to make a decision by the morning. 

the market here is hot and it makes my offer competitive to waive loan contingencies. i was told the lender is looking at great condition so i was worried if i should place loan contingencies on a property in such condition... i'm new so just to post it here to see pro's opinions...