However, needing to sell your home first before having the money to put down, and then start the 203k loan process might mean you're without a place to live for several months between longer escrow period and rehab before move in on top of burning some of that equity in the cost of sale. 

To no surprise whatsoever nothing on their end of the bargain was upheld, this time the added property damage due to A's beating B down and putting a holes in the quest room, which they both have said they were not going to fix, B has threaten to burn my house down, A trying to get physical with me but failed, a neighbor calling police one day when I was at work due to the horrific sounds B makes when A has had enough for B excessive onset of verbal insult after insult and mental abuse towards A.

Heck I have even considered quitting my day job and crossing the river and burning the boat so I have no other choice but to succeed. 

The difference is that the former must pay for the marketing budget you speak of; the latter has that fat cut out.

@Keith Myers what you have shown there is fine..........where is the coverage for the actual building; say it gets flattened or burned. 12 months loss of income is not really sufficient; should be 24 mos. settlements take a long time.

Are you going to sell and reinvest (i.e. trade up), borrow against it, let it sit on your books so you can feel satisfied that you have a fat balance sheet?

Family member then refinances the home, and gets a nice fat check3. 

As far as the mortgage, insurance, and taxes, that’s exactly what I was thinking, I’m not opposed to moving to the area, and I’m lucky with my current financial situation, I could pay for that out of pocket if needed, not ideal, but it wouldn’t burn me, I wouldn’t lose it, or have to foreclose and honestly it wouldn’t really hurt financially other than projected return.

Find out if they already have hookups (maybe from a burned down house) since those lots are worth more to an investor.

. $22K sounds like the perfect amount for a rehab on a small SFH, or a fat down payment.