I originally wanted to offer $1.25MM with 15% down and seller financing at 6% 30 yrs amortization with 5 yr balloon. 

Do debt funds ever offer 100% funding for a purchase and 100% for rehab?

We make money when we BUY - In theory, we should only be offering $425,000 on that property. 

I've had a few contractors offer quotes for installing push piers and lifting the house... all for over $40k, which to me seems like a huge cost for leveling, which won't really even be noticeable (although I understand it will mitigate any future settlement and further damage).

As a bonus, some accounts may offer tax-deductible contributions, potentially lowering your tax liability.2.

So if you're going to be living in the home, then what is the sense of urgency to even accept an offer right now?

While the potential rental income of 4K is noteworthy, it's essential to consider various factors.The local real estate market conditions, property management costs, and potential maintenance expenses should be factored in.Additionally, evaluating investment alternatives like the stock market is prudent.Renting out a property can offer long-term benefits, but careful financial analysis is crucial to determine if it aligns with your overall investment strategy and goals.

How much would you have offered?

Can my offer have contingency for phase 1 passing in addition to rezoning approval?

Offer to pay him an increase in the interest rate for 14 months.