Closing costs, title insurance, appraisal, and recording fees etc.  

Hey Alfonso, we are close. 

If it doesn't, you will need to have it inspected after closing - but by that time, you might as well have the contractor assess everything that needs to be done and re-allocate the budget if necessary.

As others have said, very important to look closely at the HOA. 

Are you really going to make investment decisions that involve legal documents and capital being invested by outside parties based on what someone writes in these forums? 

Building department where you would bring in building plans to get approved see if they have anything identified as being a red flag to that parcel.. ( its a small parcel so unless something is really weird there should not be anything..  )  Unless its a remainder parcel and the size is not big enough to legally build on  that happens in tax sales.

On multiple occasions we were told that after closing we would be able to rearrange the draw schedule as we needed.

Wholesalers will send you properties that fit your buy box, and you can work directly with them and a hard money lender to get the deal closed. 

In 2018, there were 106 closings.

Real estate is not even in the legal top ten.