That's the only way this story makes sense.In a normal transaction, the closer will get a copy of the payoff statement, the settlement statement, and the cleared payoff check or wire and then remove this item from the title commitment.

He likes the idea of us buying his home and renting it, basically do he can have nothing to do with the details.

He did everything on an iPad, took pictures as he inspected/found issues, and compiled everything into a very detailed report.The second inspection was done on a property that I purchased long distance.  

Again, this account should be separate.Key Fund - this bank account could probably go away and just become a line item in your day to day fund account and the monies co-mingled with HOA dues, etc. 

Loan Details: Pre-qualified for a $150,000 30 year conventional loan with 3% down, 5% interest rate, $95 PMI, estimated $100 insurance.

These two items will give you great flexibility in the future and will make your co-op an investment, not just  a place to live.

Anyway, I wanted to put a few details out to the community to see if anyone has any suggestions:1.

Let me know what you’re looking for or shoot me your email and I will send you the details on the house, some pictures, comps, and scope of work.

They accepted that at signing and that was that until I decided to replace it and added an addendum to the lease stating that it was functional.In the future, check all working items in your property and make sure each non-function item is listed.

Can your contact provide you with any performance details of other tiny houses in the area?