Ordinarily if I had a mortgage, I would be required by my bank to get some sort of walls-in insurance policy but in this case the condo is fully paid for.

But ordinarily, the title company says we can't close because both parties have not met the terms of the agreement.That said, you are out of pocket ~$3000.

Since vacancy rates were so tight over the past several years and rents increased so much, some renters chose to live in units that they wouldn't ordinarily choose to live in. 

A principal residence is the taxpayer’s main home, which is the home where he or she ordinarily lives most of the time.

Additional clarification:"Ordinarily, you are correct.

Certain lawsuits that might ordinarily clean you out with damages for negligence or whatever, the LLC can take the hit keeping your personal finances safe, and then that hit can be a business expense and tax deducted.You could do everything you do business-wise as a sole proprietorship with a lot less hassle, but then you pay for that convenience later if you get into a lawsuit.Forming an LLC is a filing of paperwork. 

Even if an item would ordinarily be repairs - like repainting - it is still not deductible until the property is placed in service and should therefore be capitalized.Then comes an exception per the Tangible Property Regs that allows de minimis expensing of items that would normally be capitalized and depreciated, as long as each item is under $2,500.

In general, it's fantastic because it unlocks funds you wouldn't ordinarily be able to use, and the tax benefits are an additional advantage.

We also live below our means so we are continuing to stack additional cash which we would ordinarily use for a deal.

But if you are to follow the customary practices in the state of Pennsylvania you will find that a buyer's earnest money is not used to cover what would ordinarily be the seller's expense.