Many banks do not run municipal searches and therefore can still finance the deal despite missing COs and no permits.Whether a buyer/borrower would take on the property this way is a different story.

This isn't much different then investing in the stock market... there is risk and there is reward.  

Yes licensed individuals in different states can pay referral fees to other licensed individuals.

I would look into doing a first at $766,500 and backing it up with a small HELOC to make up the difference.  

I would talk to a Mortgage Broker on different loan types that would be beneficial.

If you live in California and have found your experience to be similar or different from mine I would love to hear it!

Can I get an independent umbrella policy through a different company?

With a 50,000 difference your property may be a deal worth doing, but you need to know the numbers.

First, clearly outline your short and long-term objectives, evaluate your financial preparedness, and explore different investment opportunities.

75%LTV + 15% seller but still 10% down so not much different than what Erik said besides 5% seller difference.Asking the good questions, as there are creative options out there!