If the contractor is doing any significant structural work, or adding on to the existing home/building, then I'd certainly discuss them having their own builders risk policy due to the size and scope of the work they're doing.Hope this helps sir!

This leaves me and my partner to split the other 2700 portion to close.

The house is a 3/1 with a detached 2 car garage that also has a medium sized enclosed room that was rented out by the previous owner.

I've been told that it's a pretty time consuming process to get the rehab portion of the loan approved. 

I have a tenant that works for a car dealership so obviously a good portion of his pay comes from commissions.

I knew the basement was filled with tires, but it's a medium sized house (1200 sqft).

The property isn't a direct comp since the lot is over twice the size and it has a garage where the other home didn't.

You can search for a customer by only portions of their address, a portion of their first or last name, their phone number, a series of dates, their city and the list of potential filters is huge.

Wise decision to do with a portion of income.

It would be a fuzzy line between what purchases were for the benefit of the business vs for you, but you should at least be expensing a portion of your home repairs, maintenace and expenses toward your business.