Since I am adding the closing costs of 5k to the loan, I will need to also account for the additional interest I am paying on this 5K which adds to recovery time.I was curious if there was a general guideline which recommends whether you should be below a certain recovery duration for refinance to be beneficial.

So they'll. go ahead and put a contract in on that perfect new one and get a contingency like you did or an extended closing date. 

We waited until the last two weeks of the rehab to call our cabinet company and it ended up extending out our deadline by a week.

We waited until the last two weeks of the rehab to call our cabinet company and it ended up extending out our deadline by a week.

Note that, due to COVID, the turn time at the IRS are much extended even when title requests it.

We got an extended 5 year warranty in addition as I recall for $180.00 . 

With the Biden Administration talking about extending the eviction/foreclosure moratorium to September 2021 things could get interesting.

I'm going to give the real address and real everything because I generally need some help because this could be a big break for me and my real estate investing career. the address of the property is 509 blades Avenue New Bern, North Carolina The purchase price is $15,000 and change Estimated rehab cost $25,000 and this is me doing it myself resale value $130.000 Closing date February 9th extended to 26th resale date July at the latest We find a house we make an offer it gets intercepted. three weeks ago the county approached us with a document that is basically a court document that says the previous owner has a considerable amount of fines associated with the house due to the fact that it is dilapidated and he didn't fix it in the time allotted. they want us to take on the responsibility for those fines with a new time frame(in 2020) for getting it done and theoretically, those fines will be waived.

I believe the City’s expires March 1 but suspect it will be extended.  

Now, if the floors are rotted through to the floor joists, which then extends to more structural issues, now you are likely talking more major rehabs.I am not a fan of having sellers fix anything.