Take advantage of the networking opportunities and best wishes to you.There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proIf you haven’t checked it out already, the Bigger Pockets blog features links to their awesome podcast and many great articles: https://www.biggerpockets.com/renewsblog/

There are plenty of lenders that don't have that requirement and will allow you to refinance DAY 1 of any acquisition you have at FULL value.There is also NO Fannie/Freddie loan product that will allow you to go to 80% on a cash out loan. 

You will get very similar product offerings (30 year fixed, 5-10 year arms, no pre-payment, LTV, etc.) 

I'm not at all a fan of cultured marble countertops because random soaps and products can discolor and damage them, and the 80s swirl is so out, but I've had good luck with shower surrounds and tubs.

Lower risk, same result, more potential customers to buy your product.

The complication though for me is whether the land sale would still treated as part of a residence sale, or would the residential link to/nature of the land cease to exist upon demolition. 

Almost every bank will have the product you need, but most banks will make it hard to find.

Don’t let them pull your credit until you find a product that works for you.

The complication though for me is whether the land sale would still treated as part of a residence sale, or would the residential link to/nature of the land cease to exist upon demolition.

I don’t get a feeling that this is a way to buy her time or get out of leasing it or anything of that nature.