Exposing personal assets until such time occurs - definitely not the optimal route.

Also, make sure the ABS solvent is rated for exposing to water relatively quickly, like less than an hour.To me, the big deal is that you'll have to offset the main soil stack - the largest black vertical pipe. 

The property is being sold "as is" but needs a new water heater, has some exposed wiring, a cracked chimney crown, water damage in the basement, a leak in the bathroom, and possible mold.

If he's a retail agent as they call it, primarily helping people finding owner occupied homes/condos, then he has a different lense and is exposed to completely different homes and classes of people.

@Sandy Uhlmann is the porch exposed to the weather conditions?

My intention with the defualt inputs was to simply expose average market conditions for the average investors with no savvy like yourself.  

But if you don't plan carefully you may just end up exposing yourself to headaches and costly additions.1.

Hence, I have awesome real estate agent, maintenance personnel, exposed to many good lenders (conventional), a part time mentor, attorney, but it look like my team is not completed yet without the CPA/accountant.

Yes our Lakehouse is on stilts so all the plumbing runs are under the home exposed to extreme hard freezes.

I have a few concerns with the approach:1) 10 year note leaves you extremely exposed and illiquid in the scenario you proposed above.