I am not an attorney, just floating some ideas to consider but would consider speaking with a real estate attorney before making any moves.

You would need to float 35k - can do that with 80k - pay fees 3.5%; can do that - show 9 payments (6.5%); can do that. 

You float 30k-35k for 3 - 6 months and then sell and get your money back plus 25k - 30k profit. 

So now getting 90% you can buy something worth 300k and easily float 30k plus fees and be able to show 9 payments. 

Now I'm so disgusted by the interest rates and concerned that they could increase even more by the time the properties are completed in November so I'm considering an extended rate lock with a float down option.

Now I'm so disgusted by the interest rates and concerned that they could increase even more by the time the properties are completed in November so I'm considering an extended rate lock with a float down option.

At this point we will have to remove the floating engineered wood floors, rip out the flooring beneath (suspect original wood floors), seal, then put in a new layer, then reinstall the wood floors after sealing the bottom of each plank, then seal the lower part of the walls, then repaint.

Answer may also depend on debt - if you hsve long term fixed rate debt at a good rate and could only buy with floating bridge debt, I would just sit tight with the existing asset and not expose myself to interest rate shock.5.

We provided air pumps for inflating the floats so don't know what the issue is. 

If you can get 90% of the purchase in a fix and flip, you will have to float 60k including fees for like 5-6 months and then it will sell in less than 60 days brand new inside.