I think it's probably safe to assume that they will not come off list price at all if it's a new construction.

I guess I am saying that even if I wasn't required by a lender to have flood insurance I would still carry it for $62.50 a month just to be safe.

Additionally, you may find that the FHA requirements and upfront PMI puts an undue cost on the transaction and are better off just setting up a HELOC after refinancing into the conventional on your first property, then using the HELOC to fund 10 to 15% of the next transaction.

I just moved to your neighborhood, and I'd love to help you in your next real estate transaction."

Would I be safe to assume 10%?

Some tax pros prefer to continue issuing 1099s anyway to be on the safe side.

Until that point, depending on how your agreement was structured, your contract may still be valid.It might be a good idea to revisit the purchase agreement just to be on the safe side.

With the custodian approach, they hold the funds, sign every document, cut every check, and receive every deposit.If your investment interests are more dynamic, and will involve multiple assets or assets that require a lot of transactions such as rental property, then a plan offering checkbook control such as an IRA-owned LLC will be more more effective and efficient. 

Please let me know what should be done during the transaction day?

Many times marital statuses are missing, legal descriptions are incorrect, or there is other missing or incorrect information that causes issues in future transactions.