There could be any number of other forms based on the situation such as:HOA disclosure Flood plain Financing Condition addendum and many more potential forms and disclosures needed

The reason they have to wait minimum until October is because their home flooded with 9' of water in the basement several years ago in an area that wasnt considered a flood plain.  

Hi All,Do lenders require flood insurance for medium to large multifamily apartment properties NOT in a 100 or 500 year flood plain?

For the bank account for the security deposit, the plain language of the relevant statutes requires you to place the money into an "escrow" account after several years (I think two years, but I don't have the statute in front of me).

Our areas have been Medford, Watertown, West Roxbury, Jamaica Plain, Newton.

Hi @Benjamin Richards,As of a few months ago, you can own up to 10 financed properties and still do cash out refinances using plain vanilla 30 year fixed Fannie loans, rates in the 4s.Before that, Fannie capped you at 4 and Freddie capped you at 6. 

I suggest you get with building and zoning as well as look at the new flood plain data. 

MaryJust think of this wholesaler as just a plain seller because that is just what he is to you at this moment.

If it's FHA that is an owner occupied loan.FHA does allow some gifts for the down payment from family members but not from a seller.That is a loan plain and simple which alters qualifying for FHA.

The other $10K they can make payable to title company as a nonrefundable em (make sure this is spelled out in plain English on contract or ask title company for some advice).