Most lenders will seek payments on a monthly basis which comes due after having the money deployed during the prior month.  

But typically, you can NOT inspect the inside of properties prior to auction, so do you want to trust a quote from a contractor staying in through a window or? 

We attended their presetation at their office prior to making our investment and were very impressed.

You could include a viewing prior to inspection contingency so that you don't have to pay for the inspection in order to see the property.

I would tell you to start building relationships with lenders prior to writing any offers.

So what happens is that they base your annual taxes on the prior year's taxes and then they adjust it as soon as the rate is available.

Because I did not get any estimates prior to the adjuster visiting the property, I really don't have a good idea about what the job really costs. 

Lending here was completely reckless prior to the crash.

HI Siri,A lot of the options that you may consider will involve or is recommended to be discussed with a tax professional.Some options below, option #1 - You can utilize your parents section 121 home owner exemption (up to 500k married or 250k single - cap gains tax free for primary residence if they've lived in the home for atleast 2 of the last 5 years prior) and out right purchase this home from your parents via direct purchase contract/agreement (avoids commissions/etc).This allows your parents to have all the funds tax tree so there should be no capital gains state / fed/ or otherwise on these gains.This allows you to invest with those funds as you live in the home as your primary residence in the meantime (as you had mentioned).

@Mark Poulton although my situation was not after a contract, but prior to writing an offer, but I was able to get $30,000 off a house price due to an inspection and subsequent proposal for some concrete issues.