Send over an extension and delay the closing until the agreed upon repairs have been done.

If I wasn't bald, I'd be pulling my hair out.Rk

Extensive discussion here: https://www.fortunebuilders.co...I have no idea when covid reserve requirements will go away, but I'd bet they'll last as long as the eviction moratoriums do. 

.- the balance of $112,425 financed at 3.0% (amortized over 20 years) for a monthly payment of $624.00.We do not have any legal experience in this and certainly would need the guidance of a qualified attorney.Is 3% too low of a rate for the time extension and risks assumed?

I'm in process of purchasing a commercial real estate that will be used for barber shop, hair salon, etc. 

It was $300 and included an extension cord for electricity.You have to study the market.

The house required mainly cosmetic repairs, including extensive sheetrock fixes, a remodeled kitchen, updated bathrooms, a fresh paint job and landscaping.

With the 203k rehab loan, you’d want to make sure you have a competent real estate agent by your side to guide you (one who is familiar with the extensive 203k process who can inform the seller/listing agent of the pros/benefits here to all parties), along with a trustworthy contractor and experienced lender who have both serviced these types of loans before. 

This way if they need an extension- it is not 90 days.  2) Great people with under market rents, will understand the bargain they have. 

I don't allow pets in my properties, but I will consider it based on the size of the animal and I give them an option of an additional non-refundable deposit and an additional monthly fee, or no deposit and a larger monthly fee and an automatic 1 year lease extension.