I finally reached him today and he confirmed that it just need to be a regular Building Permit and mention in the description that it's a bathroom deconversion, removing fixtures, etc.

Is this a flip....or just regular resale.You are right to be concerned though. 

Roofs, AC replacements and septic field replacements come along on a regular basis… and just starting out a $4,000 AC, $8,000 Septic field, $12,000 roof repair is a distinct possibility - so you need a plan.  

On top of all of that, Cash out refis typically come with a .25 to .50 surcharge on the cash out part… so whatever the regular rate is, they will tack on more for the cash out.  

If they are familiar with doing RE transactions, then they may be alright to go with, but if they don't do them regularly, pass.Cheers!

Also, it sleeps four but I don’t see anywhere I could hang out comfortable with three other people (again- a great way to use the deck).

My wife works in healthcare and regularly hires traveling Occupational Therapists, Physical Therapists and their assistants as part of her job.

I'm on some distribution lists and regularly see "renegotiated price" on offerings because they can't unload them at the contract price + their fees.

.), hire and vet a Prop Manager, and use a regular 30 year mortgage to buy a property on market. 

---I also get to sleep with her.