They claim to have a *limited repair reimbursement guarantee* for anything they checked off as satisfactory on this inspection report. 

If for some reason there was an error in the process, the claimant would have to redeem, reimburse you for the purchase

The seller can always continue to make the payments and be reimbursed for the costs from any servicer.Filing the deed will prevent seller's creditors from attaching any liens if that Special Warranty Deed was used, it coveys title subject to the lien being paid.

We have bought these items (or sometimes our GC has, and we paid him with a check from our company) then we have given the equity partner invoices and copies of the receipts to reimburse us a few times per month.

I needed $10k down, $10k reserves, and $10k to start the rehab (later reimbursed).If you're looking to hold it for a rental, I've had good success with smaller local banks that hold the loan in-house, and have more flexibility on the condition of the property.- Tom

Most HMLs will hold the rehab money in escrow, so you will need cash to pay for labor and materials, then the HML will reimburse you.  

I'll have plenty of upgrade questions regarding swap coolers and furnaces here in the near future...This first unit i bought has old units in each and need to get the utility companies to play along with the reimbursements with energy efficient units, its homework, but nothing like a final exam for your BA....lol!

You will be reimbursed with the % of annual premium that you did not use. 

Now as long as your 2106 expenses aren't 25% of your income or more it won't count against you.Example:  If you make 100k and you write off 20k in 2106 expenses an uw will still be able to use 100k to qualify you.However if you make 100k and your 2106 expenses are 25k or over, in this scenario the uw would have to qualify you at 75k.This is really huge and another sign that Fannie is making it easier for the regular person to qualify for a home loan.This will really help the following jobs sectors:Drivers, contruction workers, sales people, and anyone else that pays for job related expenses but doesn't get reimbursed for the money they spend.

Since you found the deal and negotiated it all by yourself, I see no reason to involve an agent, unless you chose to reimburse them yourself.