A few of these "Blips" on the Radar can add up to cost over runs pretty quickly.You overall goal should be to open with a Certificate of Occupancy "On time and On Budget".

Swathi - With regards to insurance, request a copy of their COI (certificate of insurance). 

Hi All,I have been exploring for the past couple months and recently came across some first time home buyer programs that I think I need to take advantage of.

Hi All,I have been exploring for the past couple months and recently came across some first time home buyer programs that I think I need to take advantage of.

There's a list of approved lenders for both programs on the TSAHC website.

FHA is the most lenient program when it comes to DTI and credit.

While I can understand some of the desire for rent control there are other more practical and productive ways to assist families in need of housing (IE fix the broken section 8 programs around the country)  I would prefer however that all of you out of state investors get out of "our town" so that the prices can go back to normal for us locals, which should in turn help keep rents down a bit locally .....

I’m working with a program, Military Housing Assistance Fund (MHAF.org) to help in buying process.

Have you talked to them about applying for the Emergency Rental Assistance Program (ERAP)?

So, if it won't appraise for you need, you both are screwed and the property is now underwater.The "big boys" have these sorts of pre-sale reno programs.