Your intention determines if this was a flip or capital gain.  

When their whole intention of what they want to do is buy houses.

I had decided to intentionally start on my own without the help of a provider so that I can figure out how to work with PMs.

To a point where I own more than 20%, intentionally doing so to reappraise the property and take out the available HELOC from forced appreciation.

Normally, having a list of repair items would not seem to be a negative thing, but in this case, the inspectors entered the building without permission from the owner, notification of their intent to do so, or the knowledge of the owner. 

Next agent, I'd discuss your intentions a little more and see what they think.

Please help us pressure out any folks here on BP with bad intentions or zero integrity.

I think by the time I asked for an extension he probably assumed I had no intention of following through with the deal.

I get that I'm still on the hook for any money I sign my name to, and would never intentionally do anything to compromise my word, the deal or my name but...well to be frank....**** happens sometimes.Looking forward to everyone's input.

Intentionally blacking out enough information so this snip is compliant with both BP rules and federal regulations, for educational/illustrative purposes only, not an advertisement and I'm not licensed in your state anyways:You can see the PMI that scenario would be 0.19%, but the bumped rate for the "no PMI!"