In the very unlikely event no one does, I can recommend a few.For lenders, I think it’s usually more networking with other investors, agents, attorneys, etc. as these days they don’t need to seek out business here on BP, they have a lot of folks coming to them via referrals.

Please seek the advice of a bonafide CPA or Tax Attorney. 

Im assuming its a prepayment penalty at 10K or if that's the closing cost it does sound high as Conrad stated. 

That's definitely HM, you can have an attorney review the terms for you also so understand whats the fee and rate structure - early payment penalty, etc. 

Hey BP family, new investor here super excited and seeking knowledge to help others as well.

If the property has not conveyed you would need to seek out the owner and deal with them directly.

Interviewing for a mentor who has specific knowledge you are seeking might be a good idea.There are many hours of live classes in the cloud each week.

If I wait, will they charge back from the closing date with penalty?

Should I seek out a lawyer for this as well?

Readers are advised to seek professional advice.