When factored in, the price of the property was simply too high.

Tucson.[1]Amazon Fulfillment Center Coming to Tucson- Although Tucson did not win the bid to become the home of Amazon’s second HQ it does look like we will be getting a very nice consolation prize.

Should I simply buy  fire insurance for rental property meanwhile and switch back to owner-occupied type after eviction?

Wholesale deals are not generally considered a 'normal' listing in my world of dealing with clients as an agent and I'm more than happy to simply accept a flat fee. 

It's a win/win. 

Then there's no need to change 1099-S, you simply enter your EIN on Sch C. 

This is not a related party transaction he is simply selling a property to you and starting a 1031 exchange. 

If the BPO is turned down, or if the prior investor simply declines to answer the price quote and lets it expire, the whole process will take about 30 days.

I was told by another appraiser that a lot of appraisers simply do not want to do the extra leg work that is required to find out the circumstances behind the sale and determine if it works as a good comp. 

I'm about 7 days away from closing on my first real estate deal and the thought occurred to me that instead of wasting time (and closing costs) dealing with a bank for the initial loan, I could simply use myself as the source of "private money" for the entire purchase (~40k) for a home that I intend to rehab.The rehab is expected to take 3-4 weeks and I already have a reputable contractor with a written estimate in hand and the cost will be a ~25k additional (worst case) on top of that.