He sent them over but I was confused since this seemed to be a new contract. we extended the previous contract adding a three month extension.

All the money is still there waiting to be lent out and many local banks are trying to figure out how to extend financing to investors and/or asset borrowers (many have through portfolio lending). 

These were my numbers:Purchase Price: $525,000Down payment: $10,500Interest rate: 4.99%Monthly Payment: $2,139.46Term: 60 months, with a $5,000 option to extend another 5 years.Earnest Money: $500Gross Rents: $3,450 (this is what the seller told me)Vacancy: 4%Property Management: 8%Repairs/Maintenance, Cap Ex: 8%Utilities: $200/monthCash-flow: $0/month How did you find this deal and how did you negotiate it?

Usually the utility company will not extend their responsibilities to the customer’s houseline.

The 6 months timeline that was mentioned here can be extended, which I did with mine.

This misinterpretation can also be extended to court.

It is an inevitable cost when holding an asset for an extended period of time and can honestly completely kill your returns if not predicted with a reasonable degree of variance.

Can the municipality's ban extend to the ESA?

I want to use a FHA Loan to finance a spec home new construction for $470k standard ($550k with full upgrades) as my new primary home contingent on selling my current primary homeCurrent Primary home appraised between $280k-$300k as-is or (ARV) $320K-$360k, 2008 build$216K mortgage balanceRepair/upgrade cost $10k-$15k which includes countertops, his/her master bathroom vanity, landscaping, appliances, convert loft w/closet into a room making house go from a 3/2.5 to a 4/2.5, maybe an extended driveway and patio area etc.My question is, my FHA Loan will only finance up to $480K, how do I finance the rest if the purchase price is higher than $480k?

Several options here, just shooting from the hip:  1) see if seller will seller finance 2) see if seller will extend close date for a nominal fee, allowing you to get beyond point where the gift would need to be disclosed (2-ish months from my experience) 3) take on a partner who can help close the loan, possible a parent or other family member4) see if a local hard money lender might have an interest in this circumstance (though you'll likely be paying a premium for this convenience!).