When this process started I offered the bank 80k and they countered asking for fair market value of 95k and stating that they need a net proceeds of 79,847.

On 8/21, after this loan was approved their attorney reached out to me. 8/21 all docs were resubmitted for them (We had to resubmit the same docs 3X during this process, FYI), 8/29 all insurance docs sent to lender and changes made to policys by my Insurance agent to satisfy lender.

Things like appraisals, inspections, draw schedules and insurance requirements can REALLY affect your bottom line. 

KW is around $100/month in fees, much of it for E & O insurance and the digital signature subscription.

Let me guess... your buyer is not purchasing owners title insurance.

(I do not believe that FIL will be very interested in using the proceeds as leverage for purchasing a larger property, but is more interested in a duplex/triplex of similar value).6) the wife and I would co-own with FIL, but actively manage the property Questions:Does this sound like a good approach?

This approach defers all capital gains taxes for 30 years and delivers 93.5% of the net sales proceeds in cash (less payoff of any financing on the relinquished property).

Or should I wait for their lease option to expire and then proceed to put it under contract with a normal purchase/sale agreement.

Key words: Thurston County, Lewis County, Pierce County, Mason County, grays harbor county, contractor, GC, Tenino, Washington State, Seattle Since you had a structural engineer look it over and give you instructions, when there is a problem in the future and the insurance company or the judge asks you if you had anybody inspect it, and you say "yes" they will then ask what you were instructed to do.

Loan Details: Pre-qualified for a $150,000 30 year conventional loan with 3% down, 5% interest rate, $95 PMI, estimated $100 insurance.