In CA a third party, escrow agent, generally holds the EDM, but at times, the FSBO wants to hold the EDM or is unaware of how to hold the EDM.

@Ahmed MoustafaThe general Fannie Mae guidelines you mentioned are for non-renovation loans. 

As a general rule, each entity that files a separate tax return (partnership, s-corp, c-corp, etc) will need its own QBO subscription.

Doing it that way also allows you to get a general idea of how much income is needed to at least be close to breaking even. obviously being close to the break even line is not where anyone wants to be but it is interesting and useful metric.

City employees generally get the job done in one week, third parties can take two weeks to get this done.

Precisely today, I heard a guest in the BP podcast (Episode #956) talking about a really bad experience with a "Subject to" deal.Thanks @JD Martin Generally, yes.

I'd have a Home Inpsector and/or General Contractor go over the place and make a list (Scope Of Work) with a tight budget.

I don't go above 70% generally and prefer mid or low 60s. 

Litigation is always a business risk, especially in a business facing the general public.

In general, i think Stuart is correct.