In light of these circumstances, I'm seeking advice on the best financing options to address this costly project if insurance coverage falls short.

If anyone has any advice about where I can go to get more information about how to structure this purchase and present it to the seller, I would be very grateful.

Thank you again for your time and for your advice! 

Good advice by @Eric GerakosAssuming for a second it’s worth doing, remind him his broker price of 500 will be lessened by the 40k commission, and the bank will be making the money off the loan, not him.So try for 460-480 with as low a down payment as he can stomach and offer to split that payment into upfront and 3-6 months later.

Anyone with local knowledge of subdividing properties who might be willing to share some advice?  

If you're committed to it, skip Youtube and go right to the class. ngThanks for the advice Doug, I’ve been thinking and I agree.

@Wale Lawal Thank you for the insight and advice sir.

Advice please!.

Hello everyone,I am currently seeking advice on the best way to conduct/ pursue a small claim/collection on a property that I invested in  but never received the R.O.I. 

Thank you Bill for your advice.