It also covers all my internet, phone, fax, copy, E&O insurance and misc costs.

Another thought - are you counting taxes, insurance and maintenance in your monthly figure?

Most lenders require 6 months mortgage, insurance and taxes.

Are you aware of our CRAZY insurance and taxes in TX?

However, you can deduct all necessary and reasonable costs of maintaining the property, including taxes, insurance, utilities, maintenance costs and even a property management fee (if you have a property management business).  

Insurance companies are nosey about what licensed contractor worked on the property before they up the insured value of a remodeled house.

In fact, our closings are also Construction Draw #1, and all borrower pre-paid items (architectural, survey, engineering, etc.) are drawn down at this stage and either credited to borrower equity requirements, or paid to the borrower.New Construction/Substantial Rehabilitation Insured Loan Program offers more favorable terms than traditional two-step construction and permanent financing.

In most situations, the purchase or sale of real property includes disclosure forms, inspection reports, mortgage documents, insurance policies, deeds, contingencies, multi-page government mandated settlement statements, market research, property research, etc.

Lenderles, the only RESPA disclosure laws that I am familiar with in reference to double closings is around the disclosure of title insurance premium pass-through.

The guideline above will insure the borrower is motivated, experienced.