Sorry I thought the topic title was suffcient enough to indicate that I am brokering the notes. 

And then the underwriter will see zero indication in the loan file, your financial history, the address your W2s get mailed to, bank statements, addresses showing on credit report, etc, that you did what you promised to do.

There are hundreds of loan products, points to buy down rates vary, points vary, closing costs can be different, lender's junk fees might be in there, the APR is a good indicator but then we have other aspects.

If you are really ready to walk, you can be more aggressive and within that same addendum indicate that Seller to credit "Buyer $2,000 towards your closing costs (or reduction of purchase price, whichever is better for you), or sales contract to terminate and Buyer's earnest money refunded in full."  

YOU WILL PAY A LATE CHARGE OF $2.00 FOR EACH DAY THE RENT I UNPAID BEGINNING THE 5TH DAY OF THE MONTH"For the record, my lease doesn't indicate when the notice would be sent out either.

Median house price is a big indicator for me.  

If you have a private lender (HML or private) that can lend on the project, sure, get a letter from them indicating their commitment to the project.  

If that is the case, you could still purchase the property - do not offer more than your analysis indicates it is really worth.  

Here's what I would do ...(1) debit asset acct 'loan draws remaining' $25k; debit bank acct 'checking' $63k; credit liability acct 'Mortgages payable' $88k(2) first draw: debit bank acct 'checking' $8k;  credit asset acct 'loan draws remaining' $8k(3) second draw: debit bank acct 'checking' $17k; credit asset acct 'loan draws remaining' $17kI wouldn't call it income, as you indicated, wouldn't want a loan to show as taxable income. 

What someone "owns" really doesn't indicate their level of wealth because some people have just a couple properties that are 100% paid for and someone else may have 20 that are highly leveraged.