Dodd Frank does not cover investor buyers.  

What does the $90-$120 cover?

But they do cover pretty much everything you need for evaluation and spits them out in a nice PDF that you can then hand to lenders.

You can go about it both ways, you can get it under contract after you've been pre-approved for funding but it really shows the lender you're serious if you have it under contract already.The price of the house won't change drastically after it's under contract, so we'll know how much funding you'll need and you'll have a clearer financial picture from which to plan from.Let me know if there's anyway I can help!

The Property:2 family property,  864 sqft both units, 1860 yr builtunit 1 is  3 bed 1 bath, and rents for $1275Unit 2 is 2 bed 1 bath and is not rentedCurrently one unit is rented out for $1275 but all utilities includedList Price is $119,000, been on the market for 162 daysI havent been to the property to see it in person but cosmetically the pictures look very good - one unit has some updates (new kitchen and appliances) and the other might need some touch ups but looks well maintained.  

Try to get the rent covered while living there.

But I do agree, those arrangements could be written to include the possibility of EITHER party paying out the other along the way WITHOUT the others approval - so long as the sale price covers the agreed payout figure?

"Profile picture" is at the top of the next screen.

To give an idea of price, I am considering $500-$600 for the master suite plus like $100 to cover partial utilities. 

It can cover all of your closing fees on the right house.Good Luck