I have redone the foundation, all new electric, all new plumbing (PVC to the street), all new kitchen, added a bath, new flooring, all new windows/doors, updated all insulated while walls were open for electrical, new furnace/AC, new siding.

But now that the sellers want to file an insurance claim, I’m assuming the claim will take a good amount of time to be processed.

Do the taxes and insurance on this property count against my DTI (No escrow account required) 2.

Our company has access to a 90% LTV cash out refinance loan for primary residences with no mortgage insurance.

insurance companies are also charging extra to cover ice machines. 

Obviously, no title company is going to insure title while there’s a valid option to purchase outstanding.  

5% of 160 is 9k  so net 151kclosing cost buying and selling lets say 2kutls and insurance lets another 3k prop taxs say 2kso 151k - 7k  = 144k

Property taxes are public record and insurance would be specific to you, so you can kill a lot of those questions. 

Even if you own in cash, utilities, insurance, and taxes cost you money every day you hold.

Always let the seller know verbally as well as include it in the Purchase Agreement that they WILL be responsible for Title insurance and any related fees, as well as any back taxes owed.