This lead to extensive change orders and changes in scope, due to unforeseen code issues with electric and plumbing.

For me it's actually more about personal circumstances than data reasons.

over estimate your construction budget for unforeseen repairs Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Most lenders will not allow a repair escrow unless there are extenuating circumstances.  

Im not stupid, and its not like I am gonna sink 10k into trying to lock this up, but is 5 hrs of my time and talking to a couple of people to educate myself on the circumstances really that big of a waste of time? 

That way you end up with more real estate gaining higher profits with reserves for renovations, maintenance, and to off set unforeseen events.

Or if someone came for a short visit and unforeseen circumstances happened like a job loss, and they didn't want to leave.

Such purchases are not possible unless the borrower’s circumstances meet the requirements found in HUD 4000.1.

You must be extremely transparent and great at communicating in these circumstances so they can remain confident this can still get to closing.    

Cash out over purchase price can be difficult in some circumstances.