If under normal circumstances, when the loan is complete, the remaining funds (typically just the 10%-15% contingency) go towards principal curtailment.  

We received multiple offers and while we are unsatisfied with the loss of principal, we believe we received the best offer available.Explanation of the OutcomeThe percentage of loss on this project is atypical as are the circumstances that caused it.As a way of background, we rely on professional third-party inspection firms to visit each property and report on the status of the renovation.

If circumstances change after you close on a home and have a mortgage, the lender can't do anything about it.

Six months reserves should be more than sufficient to qualify and conservative to account for any (eventual) unforeseen circumstances. 

They may consider the unique circumstances of your purchase and the intended use of the property.Dm me if you need help with finance I can point you in the direction of a hedgefund.

I'm not as booked as I would like to be, and according to others they are going through similar circumstances...Do you expect immediate profits larger then your yearly mortgage and other expenses or do you give yourself a year or 2 like other business ventures?

I have already seen the new forms/addendums that will be used here in Arizona, the common one for this will be the Seller Compensation Addendum.The one thing that might happen in your discount buyer agent scenario is you might get a buyers agent who agrees to a lower commission and then the listing agent is offering a co-broke that is higher than he agreed to, well now that buyers agent will only be able to get paid the lower amount he agreed to and the listing agent will keep the remainder, so listing agents could end up getting paid more.As far as your question on what to pay an agent, I view it similarly to hiring an attorney, there are discount attorney's and they might be okay for some people in some circumstances, or if you know the proper procedures and deadlines then maybe you do it on your own without an attorney.

I've been in the real estate accounting field for almost 20 years, and in my experience, it's helpful to think of the software you use in two distinct levels:Property Management (PM) Software: This handles the property-level operations.Dedicated Accounting Software (like QuickBooks): This is used for corporate-level accounting.Not all PM platforms come with robust accounting modules.

Usually, the intention is to meet your living costs or even turn a profit by renting out a portion of the home.Depending on your unique financial goals and circumstances, a certain amount of your monthly mortgage payment should be covered.

Ultimately it depends on what you feel is right for your circumstances right now.