The reserve price might be based on what a mortgage insurance company is willing to reimburse the bank.  

I did continue with this purchase on 6/27 and went on for weeks asking about $2,000 reimbursement, nothing.During the time I was waiting on appraisal I acquired another property under contract and I thought everything was moving smoothly so I gave them an additional $2,000 commitment fee for the new property, same scenario, I was approved for 100% purchase ,and thinking the commitment fee would be reimbursed. boy was I wrong.

The profit will be the reimbursement.

I've heard that he could do the renovation but could only be reimbursed for material (not labor) costs.

The water/sewer bill must stay in my name and be paid by me but under contract the reimbursement of the usage cost is the responsibility of the tenant.

I even offered to reimburse them some moving costs as well as a relocation fee of $1,000 after the property sells.

Just split the monthly water charges between the units, having them reimburse you so that you KNOW it is paid each month.

I've been asking for reimbursement without clear response from support or resolution.

In my mind, you and your brother could deed the property to your newly incorporated LLC (to give you sole ownership) and could use a cash-out refinance to reimburse your brother with the funds.

Depending on the lender and the loan you may start paying on that interest when you get the draw reimbursement or you may be paying on it from closing even though you don't yet have it in hand.