If you are going to make up a calculation and use it in a manner not consistent with the proper use of a cap rate why not name it yourself instead of confusing people that don't know the difference?

Maybe you can negotiate your contract to have a further back closing date that would allow you to save the funds between now and then.If not, you start to get into a squirrely territory in the payday loans, vehicle liens, get-cash-fash schemes which carry high interest rates, can be dangerous, and also invalidate the terms of your mortgage if the bank finds out. 

But in any case it's important to manage in a professional manner. ie documenting everything in writing and no cutting off electricity, etc. 

Just wondering, what types of insurance should I carry on the property?  

Carrie

@Fitzgerald Hall - I'd suggest that the only important issue is whether you operate your own business with integrity, and in a manner by which you feel you've been honest and helpful with the sellers/clients, investors, buyers (etc) you come into contact with, in the course of your business activities. 

Commercial fastener supply companies carry all this.

Does anyone know if you have a net loss for the year, do you claim your home office deduction that year and carry it forward, or do you "not claim" it, hold on to the info, and claim it when you have a net profit for the year?

But if you are storing items that may carry some moisture, cedar alone won't meet your need.

Sellers moved out of state and are carrying two mortgages.