You gave them a chance to remedy the situation and not only did they not but they lied about it as well. 

This sink hole was never remediated and there are no visible signs of cracks, settling, etc.

You mention ARV, are you also seeking Rehab funds or are you simply referencing what it could be worth after you acquire and rehab in the future?

quick back story: Self employed RE Broker in Greater Seattle Wa, my wife is a w2 employee, 133k HELOC, 50k COH, looking to acquire first investment through brrrr, flip and/or short term (airbnb) most likely out of stateGetting right into it....My wife and I have just closed on our HELOC and we have some COH as well...we have a few different options and were looking to see what others would do in our shoes....1.

I’ve been told development costs between $35-$45 sq foot plus cost of acquiring land.

My investment partner wants an 11.5% interest rate on all the money they invest in the multi-family property we are attempting to acquire. 

I currently own and live in a 3 family, and am interested in acquiring another 2-3 family this year as investment.

I am a new investor in Michigan looking to acquire my first rental property.

I was thinking of using FHA loans to get into houses with a cheaper down payment and then living in them for a year or two and then using the equity I’ve gotten in the house to refinance it to a conventional loan then renting that property out and just getting another FHA loan to just repeat that process to acquire rental properties.

In addition to the picture perfect BRRRS this strategy can lower your cost of acquiring rental properties and tends to do that each time you correctly employ it.