Plus you'll need funds for rehab because they won't pay for that up front, they'll reimburse you as you go along.

Everyone is happy.Day of closing, final HUD sent to underwriter and she decides I am not allowed to be reimbursed for the expenses I came out of pocket for, and had a signed addendum stating I would be reimbursed. 

The sellers get the property sold, and if for some reason you fail to close, they get all the repairs done for free (they're reimbursed the $20K they spent), and will likely make an extra $20K on their sale.

Additionally, S Corporation owners can reimburse themselves for expenses such as business mileage and home office expenses, and the business can take deductions for those reimbursements.Is that clear?  

Maybe you can come back later to the semi-defunct HoA and try to reimbursement.  

Sure, they will catch something obvious like trying to write a check to yourself to reimburse yourself for a check you had to write to get a plumbing emergency handled - but but that point it is already a violation anyway.By contrast, the Checkbook IRA LLC (or Solo 401k for those who have qualifying self-employment) puts you in direct control of all transactions. 

I would contact the seller and point out the issue....as well as the inspector........and sternly request to be reimbursed...more so from the inspector, since I think more liability falls on them.....the inspectors I have worked with kick on the heat and a/c for 10-20 minutes and actually see how they work to cool/heat the house......be stern but polite and respectful.

Any payments on the balance remaining from the original loan must be included in the debt-to-income ratio calculation for the refinance transaction.Note: Funds received as gifts and used to purchase the property may not be reimbursed with proceeds of the new mortgage loan.The new loan amount can be no more than the actual documented amount of the borrower's initial investment in purchasing the property plus the financing of closing costs, prepaid fees, and points on the new mortgage loan (subject to the maximum LTV, CLTV, and HCLTV ratios for the cash-out transaction based on the current appraised value).All other cash-out refinance eligibility requirements are met.

I might offer to reimburse attorney at close.

Is it NNN with reimbursements or gross lease?