Do not allow the seller to return for personal belongings after the close without some type of documentation on when they would have everything removed.

Purchase price: $100,000 Cash invested: $50,000Off-market Fix and Flip in Pocono's, PA.Purchase Price: $100,000Est Reno Costs: $50,000Est ARV: $290,000My partner and I found a beautiful but outdated Chalet with great bones.

If the cash flow of this property could get me beyond what is needed for my cost of living, my current W2 may not be a requirement, and I could make use of my Realtor's license in Indianapolis instead.

The reality is, (and I say this solely from personal experience...not from any point of real estate advice to tell you what you should do lol) most sellers don't care what type of financing you use, even if you change from cash to financing, as long as you successfully close on time.

I was thinking of using these funds for the closing costs instead.

It's difficult navigating the home purchase process in general, but a lot of more difficult buying something with costly surprises you didn't plan for. 

there are lots of options with you budget I invest in toledo where cost efficient properties are available in good areas More then willing to chat about it

Additionally, always factor in property management costs, maintenance, and potential vacancies.

I just closed using Scott over at Orion FCU.

Fourth, we wouldn’t need to take on debt to make the purchase and we’re comfortable with the costs and management of the place given our history with it.If we buy out the relatives, we would likely pay around $295,000, which we have available now.