That would seem to create both alignment and provide for the conditions needed to satisfy your "smart money" expectations.  

I'm guessing he didn't get a C.O. for it which would have tested all the electrical and plumbing components of the house. 

Align the closing date to be the same closing date you have on your contract with the Seller.Step 3: Make money & repeat. 

Millage rates have various components, with part for the city, part for the county, and part for the state.

The square footage in that 2nd bedroom, if you were to do the math such that you isolate just that component, was >75% more expensive. 

I've broken each component down to a per unit costs.

Property taxes are a major component of expenses in real estate.

The intermediaries that are likely to sustain viable long-term business models will create alignment via co-investment and have experienced underwriting teams that consist of individuals with experience as principals and skin in the game for projects presented for co-investment.  

We like them because there is a value add component.

I found my closing documents and I believe I have an accurate number and was able to manually adjust fixed monthly costs if needed to align with what I'm currently paying, plus I found out what appraisal amount my current lender is using to consider a HELOC I applied for so that is perfect for my ARV.