General terms:80-90% LTV/ 100% LTC with a cap at 70% ARV9mo note at 12.99% I/O3pts Origination$1k UW$1k LegalAdditional costs - title, appraisal, property insurance (~$2k)10% of renovation estimate as contingency due at closing.Renovation funds issued on a reimbursement basis for work completed.Looking for constructive feedback.Thank you to all that contribute.

If they don't want to budget for contingencies like that, then it's a disaster waiting to happen for all parties involved.

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I have a contingency period but I would fell bad for cancelling on the seller even if it means that I get my EMD back.

"Can I make an offer contingent upon finding a tenant to lease the space within X amount of time?

You put into offer that it is contingent on you finding a final buyer.

Granted, you should have enough contingencies to cover all your bases.Why try to find a loan for emd?

Depending on how you're planning on financing the property, also ensure you are protected with some contingency just incase the property is not worth what the seller is asking for in this market.

@Benn Albrecht Thanks for the quick response, I believe I should have 10k or more left over from the contingency funds.

More than likely they are working on a contingent fee basis because the plaintiff does not have the means or alternatively would rather part with some of the upside for contingent fee representation.