If he says no than you have no choice but to walk away.I don't blame the guy for what he is asking.

In your case I'd probably have raised it to $1750, though, but as I stated above that's all dependent on the individual circumstances and obviously your choice since you're the boss. ;-)

Yes, taxes and insurance will be included in the math regardless of escrow choice. 

Looks like it might be break even as a fix-and-flip, so buy-and-hold might be the better choice.

if you're thinking of buying a foreclosure to fix up and live in, that may be a very good choice, but you have to really know what you want to buy, how much you want to pay and how you're going to finance it (that's huge).

I have no choice but to refinance.

If something else strikes your fancy, then focus on that direction.Unless you make a choice to go forward with one direction over another, you'll flip flop until the cows come home.It is great having you here as part of the community and I hope we can be helpful in your future success.

I thought I'd put this question out there and of course in an ideal situation we'd like both, but in the current mostly rising market we sometimes have no choice but to choose one or the d'other.

That being said, if you have no other choices then do your homework and be mentally ready. 

You are right, with a family i should be more conservative with my choices at leas starting off.