Juat be aware that your e&o insurance will likely not cover you for transactions to which you are a principal.

They'd only assume the original loan, and I'm assuming would need a second loan to cover the difference.

If rates stay close, you can have the same lender do a full cash out four months or so after the delayed financing and cover your closing costs.

The lender in my experience will need you provide insurance that covers the loan amount.  

I've spent a lot of time learning, listening, watching, and am probably suffering from a bit of analysis paralysis.

Does the 203K streamline FHA loan cover paving driveways?

At current, I cover the oil for two units that share one tank.

i just found a forclosure a 3 br 2 ba house for obly 60k comps in the area range from 130k all the way up to 300k only problem is the unfinished basement walls are covered in mold going up the stairs and up the wall in the living room right beside the stairs.

My offer to the seller (please analyze and offer feedback, offering soon)-$230,000 for the house-$60,000 down (paying off lien, avoiding foreclosure, I'll cover closing costs)-Seller financing for the $170,000 balance at 3.5% ($495.83 payment to him monthly) interest only for 5-7 years (seller's choice)-If he takes the offer for 5 years, he'll net $259,749 for the house-If he takes the offer for 7 years, he'll net $271,650 for the houseOverall I think this is a very fair offer and not a bad way for him to get out of this situation considering the alternative.Property and Cash Flow Analysis based on Current RentsOffering Price: $230,000Closing Costs: ~$2,500Rehab: ~1,000 for some exterior paintingDown Payment: $60,000 to payoff lien, closing costs.

Because I can spend 40k on a paint job (if I wanted to) and no lender would cover that expense under delayed financing exception loan on top of my purchase price.