This essentially gives me an offer price that will allow me to receive at minimum, all of my money back after refinancing, excluding closing and holding costs.

That money went as a down payment for the family member to use to hold what they are buying.

Require 30 day notice of cancellation of any policyA well written hold harmless clause in the contract can also help you avoid liability.  

Appreciate it Bruce, I'm mostly interested in cash flow and appreciation, buy n hold for now.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Buffalo.

He goes to the site and provides an estimate to me that I will hold him to and he also pulls in his realtor friend to ensure my estimated ARV is correct and we can sell at the highest point. 

I am mostly here looking for cash investors to partner with and begin purchasing properties to rehab and either flip or hold the paper.

If you want to buy an hold a 3 bedroom, 2 bath and your budget is $200,000 then you know to completely stay away from certain markets.Then start researching general markets/regions/cities. 

Investment Info:Single-family residence buy & hold investment.

Also, I think some real estate agents are holding offers until the best one comees in, which poses another problem.