I am starting to see the benefit of waiting it out more and more.

Any COC's (change of circumstances) allowable after the loan is started, require a re-disclosure and a new waiting period. 

If you have one washer and dryer and it fails the next day do you have to wait a week? 

Why did you all wait a year, if you don't mind me asking?

The reason we are doing a cash-out refi now instead of waiting for another 12 months to get even more cash-out after the next rent increase is because of the interest rate risk.

The good thing in apartments in Greece, is maintenance is close to 0...that means that your holding costs will be minimal and you can wait for appreciation if we assume that the economy will eventually go better (10 years from now if you ask me)Consult with a tax accountant for your taxes as a foreigner.To rent out its a little tricky since tenant law is quite liberal. 

A frustrated seller who has waited a couple months for a closing that didn't happen may be more inclined to take a cash offer that will not be subject to TRID delays even if that offer is a bit lower than the financed offer they accepted previously.

Obviously, it's going to be a long wait, but I had thought that I might be able to approach him with some alternative financing ideas after some time (he doesn't want to hold paper...yet).

He proceeded to wait a week to answer us, then offered $1000 credit.

Here are the numbers on the property (we are looking to buy and hold)Purchase 70kArv 110000Rehab 15000My wife and I have great credit, cash reserves (40k), no debt, so I assume we would qualify for loans (currently waiting for my 2 year mark at my commissioned job).