Maybe I'm looking at it wrong.CF, I called my banker and you are correct on the 25% down.

Am I correct on this?

But even if that counter was the same length but 3 feet deep it would still cost me the same $540 correct?

As you correctly pointed out (Original Seller) conveyed a portion of the property that was insured namely the southerly 11 feet of Lot 4 to (current neighbor) prior to the recording of your Deed (FATICO did not insure the East 10 feet of the closed alley and is therefore not included in this claim).

Last night I had an inspector come in and test the pipes for leaks using this method, and we found the property wasn't winterized correctly.

Brian is spot on and correct on all accounts.

Other posts are correct, and you can run into some "brick walls."

Since this is a flip, I assume it wasn't tenanted at the time when the fire broke out, correct?

If you do not fix then they put a freeze on your direct deposit funds until you correct the items and you call the inspector.

And do it consistently.For example, I'm closing my fourth wholesale deal of the year this coming week and they have all been MLS deals that I have gotten for well under list and market price.Jon may be correct in saying that if you plan to stay in one particular market and do all your deals in that one particular market or city, private sellers may be the better way to go.However, if you can set your business up to do deals in markets where the conditions are right, farming the MLS and wholesaling those deals can be extremely lucrative.That being said, I always have letters or postcards going out to home owners, all the while farming the MLS in selected cities.