Also, there are probably a few closing cost fees that you may want to take into account if you haven't already done so including inspection fees, escrow fees, lender's title policy, loan origination fee, etc.  

Of course i'll have them sign a receipt and make a copy to give to the Title Co.I also have a early termination penalty clause for me and the buyer if either one of us cancels the deal early, Is that fair?

(I have all my ducks lined up, to include financing, inspection people in my pocket, lawyers, title agents and etc.)   

I would do a contract for deed where the property stays in your name and the Buyers will not get title until they  pay all of the purchase money. 

.- Total loan amount not to exceed 70% of After Repair Value- Rehab Draws: 50% at half and 50% upon completion- Title held in my LLC.

You started a thread titled "I have $1000 and great expectations.

It will keep him from being able to mortgage and potentially insure any deeds on property title insurance.

I just noticed that this is a "condo" type property as far as it is a duplex with separately titled units.

Most of the above, plus title issues.  

listsource takes info directly from title companies and sells it at massive premium.