Tell them the dollar coverage you require and the deductibles.COO- you might have put a deadline, after that rent kicks in or a termination clause. 

When I was making my New Years resolutions, I actually didn't plan on buying a house until August, and if it weren't for Harrison's drive, I might not have met that deadline.

I assume it’s too late to fix funds today (your deadline)Maybe next time credit card cash advance, car title loan, payday advance loan, sell something(s), or  retirement account withdrawal.

Also the coverage is not so great, as they cap the maximum re-build cost 20% lower than carrier #1, even after agent #2 ran it past underwriting for an exception (with carrier #2's re-build cost being extremely tight on rebuild, so I only want no. 2's policy if the home is a part-time rental).Based on the income that we would generating off any future, part-time rental of our home, I can easily afford to purchase BOTH policies, which is what I am currently leaning towards doing.

Also the coverage is not so great, as they cap the maximum re-build cost 20% lower than carrier #1, even after agent #2 ran it past underwriting for an exception (with carrier #2's re-build cost being extremely tight on rebuild, so I only want no. 2's policy if the home is a part-time rental).Based on the income that we would generating off any future, part-time rental of our home, I can easily afford to purchase BOTH policies, which is what I am currently leaning towards doing.

I worked, saved, and kept a tight budget in order to buy my rentals.

FHA is super tight about the appraisals and stays with the house for at least 120 days. 3.

Your mother is still in contract, assuming no deadlines have been missed.

These are especially important for tight bathroom spaces where I'm almost always at 16mm. 

In other words, I suspect that if your cash flow is so tight, you may actually run into issues getting funding when the lender has reviewed your paperwork in depth.