Lender Required Repairs: $1000(This is if the appraisal list any repairs)30 day finance contingency periodClosing date: 2/17/2017-( USAA usually don't close loans no sooner than 45 days.

@Jim Adrian The tall vertical crack could be a shear crack due to settlement, however, most shear cracks are on a 45 degree angle.  

Furthermore, if the operator only rents out their property for fewer than 45 days a year, the operator would not be required to register for a business license.

The property would rent for $1700.I have about $120,000 liquid already to continue buying properties, but my question is would it be wise to sell this one and use the additional cash to buy 4-5 more distressed properties cash this year and refinance them.That property would currently only be producing a 7% cash on equity return.  

Out here it take us 45-60 days to get it done.

There are already 4-5 "buy houses" bandit signs around every corner and our craigslist is just spammed with everyone's buy houses/rei ads (not properties).

I lived in California where I hear nightmares about 6 months to 18 months to get a tenant out, if the tenant is wily enough.I'm invested in Missouri now and everyone says 45 days max, but just had a tenant pull some crazy stuff to milk the free rent teat for waay too long;  I'm not even sure what happened there, yet!  

Rent it to a friend and keep a room for yourself, airBnB, sell it on a land contract (not really renting and not really selling), etc.My guess is at year 4-5 you can go to the guy and offer a buyout at a discount and he'll bite anyway if he thinks you'll actually ride the 11 years out.

One of my flooring subs had a $400 knee pad and I was buying my crew $45, thought it was expensive, i asked why my subs foreman asked me back, how much is your knee?

It surprises me though that they are so tight on the budget.With DTI limits of 45%, I don't see how it is they don't have more money that to cover an issue when it arises.