If the money in that account isn't large enough to cover the cost and the second person can pay a larger share, then pay for the repair and first person's future profits are used to pay back the extra with interest as if it was a short term bank loan.

I have an appointment with JAG next week to work out the legal issues in order to cover myself just in case there may be an issue in which your speaking of. 

I'd prefer to not poison our guests if we can get away with it lol.I think we have our options for bedding sorted out (bed and pillow covers) but are looking for options besides fogging for the room in general.Does anybody have experience with this?  

Door swings both ways sweat heart.The 10 day rent pro-rated should be covered under the sale price, along with deposit.

Our initial plan was to use the 203k loan to cover things done by licensed contractors in the first six months and then use the $100K private loan starting in January to do the rest.

Also, depending on how competitive your market is, having enough funds to cover closing costs without asking for seller concessions might put you at a competitive advantage.

I am running my numbers and have trouble estimating insurance since I am not sure do I need 3 separate insurance plans(HO6) or 1 to cover all?

It may cover this.

Normally I charge for any special order materials up front, first day of work (demo) I get another chunk to cover labor and materials for the week.

Plan for things to go wrong when you're setting up the deal, that way if they ever do, your *** is covered!