My definite chief aim is $5,000 a month in cash flow in 5 years.

@Daniel Devin JewellDo be aware this loan is aimed for basically turn-key move-in ready properties.

We do not allow cancellations outside of our cancellation policy.

Brett,If your Insurance policy is based on Replacement Cost (RC), they will not normally pay that amount for the building until you have rebuilt.  

@Anthony Rosa Extension policy really depends on HML.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

Few buyers know that in addition to that option period, they also have a period where they can review the title commitment and make an objection to the title insurance policy coverage.

We have a zero-tolerance policy to this rule and so we cannot stress it enough..."

I would also suggest you invest in a title policy insuring your interest in the property. 

During this period of time a sale of the property is almost impossible as no title company would issue a title policy and no buyer would pay anything over what the winning bidder paid if even that.Title policies can be difficult, if not impossible to get even without a redemption period in effect.