There is a mortgage contingency on the contract.

@Chase CaudillDid you have a mortgage contingency?

Make sure you have a backup plan (contingencies) for if/when obstacles arise and you’re required to spend more money and possible more time (3-6 months) to the overall project. 

I allotted $20k for contingencies (could be considered very lean) so this would blow that amount before we've even started. 

I created a contingency for the seller to repair and service the septic system.

The vertical cost (construction cost) is consisted of material + labor + contingencies (surprises) + overhead + profit.

Alternatively, you could get the appraisal done, let it get called out and then have a conversation with the bank saying that this is all that is needed and with it is a full contingency release.

I will get at least 3 in contract today and close AS IS, ZERO contingencies in 10days /2 weeks.

All about your goal and growth plan, with a Brrrr I would also add an Atleast 10% contingency for your renovation and make sure the ARV is accurate to be able to pull more cashout or pay yourself back the down payment on the refinance.

You can put your dream home that you've identified under contract now, with a Realtor, and make it contingent on selling your home.