The loan is simply in my name.

Example:  "Dave buys a single family rental for $100,000 and determines that his improvement ratio is 90%.

https://www.biggerpockets.com/renewsblog/forget-brrrr-try-barrrr/Brandon had mentioned that you don't want a contractor to just give you an invoice that simply says something such as "Bathroom, $10,000"  rather that some of the work should be broken out as different work can be depreciated at different rates. 

I had a VA loan fall through on one property simply because the appraiser wrote in the appraisal that the property was in "below average" condition.

The 300% swings in price from one carrier to another are what I don't understand.  2) Security Deposits.Are you simply holding these in a savings account, in your own name, separate from your other funds? 

I've been mostly just doing research at the moment determining the best fit of those three for my plan.So I guess it's a little bit of both.

That would help determine what options, if any, there are.

Hello Regina,   Most realtors have the ability to help determine which properties are in pre-foreclosure status.   

and lots of hot springs now on to RK as @Wayne Brooks  PURE FANTASY  now you can in some states bid with a deposit at sherrifs sales.. but the competition in 99% of the counties in the US is so keen that those kind of profit margins are simply not there. in CA its cash on the barrel head to buy one. 

But it sounds to me that as long as you are not more than 12 days into the contract, you can simply tell them you're not happy with the condition of the property and cancel the contract.