I haven't actually closed a deal that far west or else I would be able to give more insight. 

I have a close friend who constantly drives up to the white mountains so can definitely understand the draw.

I am doing my best to accommodate and fix the insulation as well as see if there are programs in place to lower the cost. however i want to be firm with tenant as they are not compliant with paying rent because of the cost of the utilities.

@Jonathan Bombaci recommend using that amount as a bargaining chip for lower rates.80% of evictions are wash, rinse, repeat. 

it was an interesting process but basically, the novation allowed us to get the deal done without having to involve the banks. this was a huge motivation. that way I save on having to close twice. 

Or would it be minus realty fees and closing costs as well?

For further context, we are trying to have him be the name on the loan because he would be able to utilize his first time home buyer loan to take advantage of the lowered offered interest rate.

This provided Archie Raglin with the financial backing to close quickly, ensuring no delays and maximizing the opportunity for a fast sale at a profit.

I closed that property with less then 1% down of my own cash.

@John Friendas  it's close to the 1% rule which is good, but I would still run the financials on it.