Essentially, you have to spend your own money and complete work on the property prior to reimbursing yourself out of the escrowed rehab budget.The draw process typically takes 5-7 days from initial request, to scheduling an inspection, and finally for the lender to wire those funds to you after your work is confirmed by the inspector.

You'll realize it'll need to be closer to $600k(20%  markup).If so, I suggest a long term plan.

I can now see how the those wide gaps in my plan/idea can get closer together and be possible 

This allows you to make an offer without a HI contingency which is much more competitive than one with the contingency since you are buying the property as is.You can still get the home inspection after you settle to capture all of the detail items.

Our realtor has continued to have us personally sign all the documents as they have come in (home inspection, personal property sale, etc).

On top of that if you can find local investors that would give great insights.Section 8 has stringent requirements so it would be important to check off the inspection list as soon as you can.

its creating some friction with brokers that are representing buyers  Listing agents no change.the commish is becoming a negotiation just like a home inspection..

PEST CONTROL: Your Rental Unit has been inspected and deemed to be pest-free.

So for those who may be following my journey via Forum Posts, I had a home inspection on the Remington rowhome and the roof was poorly redone and may be a deal killer.

Occupancy rates are closer to 80-90% throghout the year.