It's tight but doable.

It's looking great @Tony Castronovo , glad you were able to find something before the deadline!

Banks are about the most stringent and are top tier for this type of lending, but they have pretty tight guidelines regarding cash flow, seasoning, borrower experience etc...Then there are other lenders out there that are a little less stringent and only really care about location (must be in a metropolitan area/not rural), occupancy, whether the property cash flows and the borrower's credit. 

I then asked that my inspection period deadline (11/26) be extended so that I'd have additional time to have an electrician quote me a price to repair something like that.

@Will Green once the house is moved and level your first step is to make it water tight.

@Jordan Capps - The numbers you shared are really tight.

Im an investor here in Fort Wayne and although the market has become tight these past few years, there are still plenty of deals that surpass the 1% rule.

That shouldn't including working for free, it should include a fair price meeting his deadlines etc.

MF is unrealistically tight at the moment-nothing in my area cash flows unless it is a 'D'.

Bottom line....If you are not ready to reno can you get more money out of them with a dead line to pay in full.