They request what is called an “as-repaired appraisal.”To give a general picture of how the as-repaired appraisal fits into the process here’s a very basic look at the steps involved in a standard 203K loan, sometimes called a Consultant K* loan:The borrower selects a property, a lender, a 203(k) consultant and a general contractor.The lender pre-qualifies or pre-approves the borrower, and determines that the property is eligible for a 203K loan.Working with the consultant and the contractor, the borrower submits a document that specifies all repairs.The lender requests an appraisal.

Closing cost were less just both attorneys and assumable mortgage with qualifying approval .

yes, agency debt usually comes with 10-13 year life, and you may need a golden ticket to qualify.

The new 20% qualified business income deduction is great for flippers.Something to consider when flipping is the potential requirement to make estimated tax payments(Fed and State).Are you open to working with an accountant outside of the state of Arizona?

We added a new roof and updated plumbing, electrical and HVAC with qualified professionals.

We added a new roof and updated plumbing, electrical and HVAC with qualified professionals.

Sounds like he's treating it as a qualified joint venture. 

Due to the inherent characteristic of this type of siding to deteriorate if not properly maintained and the difficulty in detecting all damaged areas, a qualified siding installer should perform a more in-depth evaluation.

If he does not agree, then offer to prepay the mortgage payment for one more year to extend it.Now, you might need to put in a provision in the refinance clause that IF the property is inherently will not qualify for bank financing (due to title issues, structural issues or any issue for that matter), that you have the right to keep paying the owner finance.

So your strategy is not going to work. 3) You might qualify for partial exclusion(That might shelter your entire gain) if the reason for move is health, work, or unforeseen circumstances.